Short Interest in Inmobiliaria Colonial, SOCIMI, S.A. (OTCMKTS:IMQCF) Grows By 6.6%

Inmobiliaria Colonial, SOCIMI, S.A. (OTCMKTS:IMQCF – Get Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 2,629,300 shares, an increase of 6.6% from the December 15th total of 2,467,000 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is presently 431.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IMQCF shares. Exane BNP Paribas cut Inmobiliaria Colonial, SOCIMI from an “outperform” rating to a “neutral” rating and set a €6.00 ($6.52) price objective for the company. in a research note on Monday, September 26th. JPMorgan Chase & Co. downgraded Inmobiliaria Colonial, SOCIMI from an “overweight” rating to a “neutral” rating in a research report on Friday, December 9th.

Inmobiliaria Colonial, SOCIMI Price Performance

Shares of IMQCF opened at $6.20 on Tuesday. Inmobiliaria Colonial, SOCIMI has a fifty-two week low of $6.20 and a fifty-two week high of $6.20. The firm’s 50 day moving average price is $6.32 and its 200 day moving average price is $6.66.

Inmobiliaria Colonial, SOCIMI Company Profile

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Colonial is a Spanish listed REIT company (SOCIMI), leader in the European Prime office market with presence in the main business areas of Barcelona, Madrid and Paris with a prime office portfolio of more than one million of sqm of GLA and assets under management with a value of more than 12bn.