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

Great Portland Estates Plc (OTCMKTS:GPEAF) saw a large increase in short interest in 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 volume of 700 shares, the short-interest ratio is presently 2,033.1 days.

Wall Street Analysts Forecast Growth

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

Great Portland Estates Price Performance

GPEAF remained flat at $3.70 during midday trading on Monday. Great Portland Estates has a 52 week low of $3.70 and a 52 week high of $4.14. The firm has a fifty day moving average of $4.21 and a 200 day moving average of $4.81.

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.