The GPT Group (OTCMKTS:GPTGF – Get Rating) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,420,000 shares, an increase of 95.5% from the March 15th total of 726,200 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 3,550.0 days.
Separately, JPMorgan Chase & Co. downgraded shares of The GPT Group from an “overweight” rating to a “neutral” rating in a report on Thursday, January 27th.
Shares of OTCMKTS:GPTGF opened at $3.78 on Friday. The firm has a fifty day moving average price of $3.66 and a two-hundred day moving average price of $3.70. The GPT Group has a one year low of $3.45 and a one year high of $3.85.
The GPT Group is one of Australia's largest diversified property groups and a top 50 ASX listed company by market capitalisation. GPT owns and manages a $25.3 billion portfolio of retail, office and logistics property assets across Australia. The Group has a substantial investor base with more than 32,000 shareholders.
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