Shaftesbury Capital PLC (OTCMKTS:CCPPF) Sees Large Increase in Short Interest

Shaftesbury Capital PLC (OTCMKTS:CCPPF) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 411,664 shares, a growth of 1,215.5% from the October 15th total of 31,293 shares. Based on an average daily trading volume, of 103 shares, the days-to-cover ratio is presently 3,996.7 days.

Analyst Ratings Changes

Several brokerages have recently commented on CCPPF. Kepler Capital Markets upgraded Shaftesbury Capital from a “reduce” rating to a “hold” rating in a research note on Tuesday, September 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Shaftesbury Capital in a research note on Wednesday, October 14th. Finally, Morgan Stanley upgraded shares of Shaftesbury Capital from a “market perform” rating to an “overweight” rating in a report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Shaftesbury Capital Price Performance

CCPPF stock remained flat at $1.92 during trading on Thursday. The firm has a 50 day moving average price of $1.83 and a two-hundred day moving average price of $1.81. Shaftesbury Capital has a one year low of $1.71 and a one year high of $1.92.

Shaftesbury Capital Company Profile

Shaftesbury Capital PLC is a London-based real estate investment company focused on owning, managing and developing mixed-use properties in central London. Its portfolio includes retail, restaurants, leisure venues, offices and residential properties, with an emphasis on creating vibrant, high-quality destinations for businesses, residents and visitors. The company’s assets are concentrated in prominent West End districts, including Covent Garden, Soho, Carnaby, Chinatown and the surrounding areas.