Lendlease Group (OTCMKTS:LLESY) Shares Shorted: Short Interest Up 1,240.7% in October

Lendlease Group (OTCMKTS:LLESY) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 724 shares, a growth of 1,240.7% from the October 15th total of 54 shares. Based on an average daily volume of 481 shares, the days-to-cover ratio is currently 1.5 days.

Lendlease Group Stock Performance

Shares of Lendlease Group stock remained flat at $1.61 on Tuesday. 812 shares of the stock traded hands, compared to its average volume of 846. Lendlease Group has a 1 year low of $1.59 and a 1 year high of $3.67. The firm has a 50 day moving average of $1.87 and a 200-day moving average of $2.28.

About Lendlease Group

Lendlease Group is an Australian property and infrastructure company that develops, owns, manages and invests in real estate and urban communities. Its activities have included residential, retail, office, industrial and mixed-use developments, as well as investment management services for institutional and other investors. The company has also provided construction and infrastructure delivery services, supporting major building, civil engineering and urban regeneration projects. In recent years, Lendlease has been reshaping its portfolio and strategic focus, including plans to reduce or exit selected international construction and investment activities while concentrating more heavily on its core property operations.