Workspace Group Plc (OTCMKTS:WKPPF) Short Interest Up 1,054.9% in April

Workspace Group Plc (OTCMKTS:WKPPF) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 110,191 shares, an increase of 1,054.9% from the March 31st total of 9,541 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Workspace Group Stock Performance

Shares of WKPPF stock opened at $5.70 on Friday. Workspace Group has a fifty-two week low of $4.75 and a fifty-two week high of $6.00. The business’s 50 day moving average price is $5.71 and its 200-day moving average price is $5.56.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered shares of Workspace Group from a “buy” rating to a “hold” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Workspace Group

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.