CTP (OTCMKTS:CTPVF) Short Interest Down 44.0% in August

CTP (OTCMKTS:CTPVF) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 386,237 shares, a drop of 44.0% from the July 30th total of 689,166 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CTPVF. Sanford C. Bernstein cut CTP to a “market perform” rating in a research note on Friday, August 7th. Barclays reiterated an “overweight” rating on shares of CTP in a research report on Monday, August 24th. Finally, BNP Paribas Exane initiated coverage on shares of CTP in a research report on Wednesday, July 1st. They set an “outperform” rating for the company. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

CTP Stock Performance

CTPVF remained flat at C$16.32 during trading on Friday. The business has a 50 day moving average price of C$16.33 and a 200 day moving average price of C$17.70. CTP has a 12-month low of C$16.32 and a 12-month high of C$22.85.

CTP Company Profile

CTP N.V., trading under OTCMKTS:CTPVF, is a leading developer and manager of logistics and industrial real estate in Central and Eastern Europe. Headquartered in Luxembourg and founded in 2010, the company focuses on providing modern build-to-suit and speculative warehouses and distribution centers for a diverse range of tenants in sectors such as e-commerce, retail, automotive, and manufacturing.

CTP’s portfolio extends across seven key countries—Czech Republic, Romania, Hungary, Slovakia, Poland, Serbia, and Bulgaria—where it manages site selection, construction, leasing, and facility operations.