Goodman Group (OTCMKTS:GMGSF – Get Rating) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 111,900 shares, a decrease of 35.9% from the March 15th total of 174,700 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1,119.0 days.
Separately, JPMorgan Chase & Co. downgraded Goodman Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 17th.
Shares of GMGSF remained flat at $$17.28 during midday trading on Friday. Goodman Group has a 52-week low of $14.28 and a 52-week high of $19.80. The firm has a 50-day moving average price of $16.26 and a 200-day moving average price of $16.96.
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Continental Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally.
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