Great Portland Estates PLC (OTCMKTS:GPEAF) Short Interest Up 21.4% in March

Great Portland Estates PLC (OTCMKTS:GPEAF) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 1,701,182 shares, an increase of 21.4% from the February 26th total of 1,400,919 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 477 shares, the short-interest ratio is presently 3,566.4 days.

Great Portland Estates Stock Performance

Great Portland Estates stock opened at $3.71 on Wednesday. The stock’s 50 day moving average price is $4.40 and its 200 day moving average price is $4.33. Great Portland Estates has a 1-year low of $3.64 and a 1-year high of $5.23.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of Great Portland Estates from a “buy” rating to a “hold” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Great Portland Estates

Great Portland Estates plc is a London-based real estate investment trust (REIT) specialising in the acquisition, development and management of commercial property in central London. The company focuses on office space, retail premises and mixed-use residential schemes, targeting prime locations across the West End, the City and Midtown. Its core activities include asset repositioning through refurbishment and redevelopment, proactive leasing and tenant relationship management, and selective disposals to optimise portfolio value.

The firm’s investment strategy centres on identifying underutilised or outdated properties and unlocking value through strategic redevelopment.