Workspace Group Plc (OTCMKTS:WKPPF) Sees Large Drop in Short Interest

Workspace Group Plc (OTCMKTS:WKPPF) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 2,615 shares, a decline of 85.0% from the January 29th total of 17,405 shares. Based on an average trading volume of 270 shares, the days-to-cover ratio is currently 9.7 days. Based on an average trading volume of 270 shares, the days-to-cover ratio is currently 9.7 days.

Workspace Group Stock Performance

Workspace Group stock opened at $5.75 on Friday. The business has a 50 day simple moving average of $5.31 and a 200-day simple moving average of $5.58. Workspace Group has a 12 month low of $4.75 and a 12 month high of $6.00.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an “overweight” rating on shares of Workspace Group in a research note on Monday, December 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Workspace Group has a consensus rating of “Buy”.

Workspace Group Company Profile

Workspace Group plc is a London-based real estate investment trust (REIT) that specializes in providing flexible workspace solutions for small and medium-sized enterprises. The company acquires, develops and manages a diversified portfolio of office suites, studios and industrial workshops designed to support the operational needs of its clients. Its properties range from modern business centres to converted historic buildings, all tailored to foster creativity, collaboration and growth.

The group’s portfolio spans over five million square feet across more than 50 locations in Greater London.