Short Interest in PSP Swiss Property AG (OTCMKTS:PSPSF) Declines By 17.9%

PSP Swiss Property AG (OTCMKTS:PSPSFGet Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 3,200 shares, a decrease of 17.9% from the May 15th total of 3,900 shares. Based on an average trading volume of 600 shares, the short-interest ratio is presently 5.3 days.

Separately, JPMorgan Chase & Co. upped their price objective on PSP Swiss Property from CHF 125 to CHF 140 in a research note on Tuesday, May 24th.

PSP Swiss Property stock remained flat at $$106.70 during midday trading on Friday. The firm has a 50 day moving average of $121.36 and a 200-day moving average of $123.15. PSP Swiss Property has a 12 month low of $106.70 and a 12 month high of $136.63.

About PSP Swiss Property (Get Rating)

PSP Swiss Property AG, together with its subsidiaries, owns and operates real estate properties in Switzerland. It operates through Real Estate Investments and Property Management segments. The company owns, operates, and leases office, retail, gastronomy, and parking spaces. It owns 158 office and commercial properties, and 18 development sites and individual projects in Zurich, Geneva, Basel, Bern, and Lausanne.

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