The GPT Group (OTCMKTS:GPTGF – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 120,856 shares, a decrease of 41.8% from the September 30th total of 207,797 shares. Based on an average daily volume of 135 shares, the days-to-cover ratio is currently 895.2 days.
The GPT Group Price Performance
OTCMKTS GPTGF opened at $3.31 on Tuesday. The firm has a 50 day simple moving average of $3.30 and a 200-day simple moving average of $3.40. The GPT Group has a one year low of $2.84 and a one year high of $3.83.
The GPT Group Company Profile
The GPT Group is an Australian property group and real estate investment trust with a diversified portfolio of retail, office and logistics properties. The group owns, develops and manages income-producing commercial real estate, with activities spanning property investment, development and asset management.
GPT’s retail business includes shopping centres, while its office and logistics operations focus on workplace and industrial properties in major Australian markets. Through its funds management platform, the company also manages property investment vehicles and provides real estate investment management services for institutional and other investors.
Established in 1971 as General Property Trust, The GPT Group has grown into one of Australia’s established diversified property owners.
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