Great Portland Estates Plc (OTCMKTS:GPEAF) Sees Large Growth in Short Interest

Great Portland Estates Plc (OTCMKTS:GPEAF) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 1,423,200 shares, an increase of 17.6% from the November 15th total of 1,210,600 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 2,033.1 days.

Great Portland Estates Price Performance

Shares of GPEAF stock remained flat at $3.70 during trading hours on Monday. The business’s 50-day moving average is $4.21 and its 200-day moving average is $4.81. Great Portland Estates has a 12 month low of $3.70 and a 12 month high of $4.14.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GPEAF. BNP Paribas raised Great Portland Estates to a “strong sell” rating in a report on Thursday, September 12th. Citigroup upgraded Great Portland Estates from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, November 8th.

About Great Portland Estates

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.