Great Portland Estates Plc (OTCMKTS:GPEAF) Short Interest Down 30.8% in March

Great Portland Estates Plc (OTCMKTS:GPEAF) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 1,237,300 shares, a drop of 30.8% from the March 15th total of 1,788,400 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is currently 1,031.1 days. Currently, 0.5% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, BNP Paribas upgraded Great Portland Estates from a “strong sell” rating to a “hold” rating in a research note on Wednesday.

Great Portland Estates Stock Performance

Shares of GPEAF remained flat at $3.64 during midday trading on Friday. The business has a 50-day moving average of $3.45 and a 200 day moving average of $3.75. Great Portland Estates has a 12-month low of $3.28 and a 12-month high of $4.14.

Great Portland Estates Company Profile

We are a FTSE 250 property investment and development company owning £2.5 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London’s property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.