Lendlease Group (OTCMKTS:LLESY) Sees Significant Drop in Short Interest

Lendlease Group (OTCMKTS:LLESY – Get Rating) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,700 shares, a decrease of 43.3% from the March 31st total of 3,000 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is currently 0.4 days.

Shares of OTCMKTS LLESY traded up $0.20 during trading hours on Friday, hitting $8.72. The company had a trading volume of 3,348 shares, compared to its average volume of 3,059. Lendlease Group has a 1-year low of $6.66 and a 1-year high of $10.19. The firm’s 50 day moving average is $8.12 and its 200-day moving average is $7.78.

The business also recently disclosed a dividend, which was paid on Monday, March 28th. Stockholders of record on Monday, March 7th were issued a $0.0272 dividend. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, March 4th.

Separately, JPMorgan Chase & Co. raised Lendlease Group from a “neutral” rating to an “overweight” rating in a research report on Monday, February 7th.

Lendlease Group Company Profile (Get Rating)

Lendlease Group operates as an integrated real estate and investment in Australia, Asia, Europe, and the Americas. It operates through Development, Construction, and Investments segments. The Development segment develops inner-city mixed-use developments, apartments, communities, retirement, retail, commercial assets, and social and economic infrastructure.

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