Brookfield Property Preferred L.P. (NASDAQ:BPYPM) Sees Significant Increase in Short Interest

Brookfield Property Preferred L.P. (NASDAQ:BPYPM) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 772,400 shares, a growth of 19.0% from the March 15th total of 649,000 shares. Based on an average daily trading volume, of 35,800 shares, the short-interest ratio is currently 21.6 days.

Brookfield Property Preferred Stock Performance

Shares of Brookfield Property Preferred stock opened at $14.51 on Wednesday. Brookfield Property Preferred has a 1 year low of $13.25 and a 1 year high of $18.46. The business has a 50-day moving average of $15.02 and a two-hundred day moving average of $16.01.

Brookfield Property Preferred Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were paid a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.77%. The ex-dividend date was Monday, March 3rd.

About Brookfield Property Preferred

Brookfield Property Partners LP invests in real estate. The Company owns, operates and invests in commercial properties. Brookfield Property Partners focuses on properties located in North America, Europe, Australia and Brazil.