Primary Health Properties Plc (OTCMKTS:PHPRF) Sees Significant Increase in Short Interest

Primary Health Properties Plc (OTCMKTS:PHPRF) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 251,169 shares, an increase of 77.6% from the March 31st total of 141,445 shares. Based on an average daily volume of 404 shares, the days-to-cover ratio is presently 621.7 days.

Primary Health Properties Price Performance

OTCMKTS PHPRF opened at C$1.08 on Tuesday. Primary Health Properties has a 52 week low of C$1.08 and a 52 week high of C$1.45. The firm’s 50-day simple moving average is C$1.30 and its two-hundred day simple moving average is C$1.29.

About Primary Health Properties

Primary Health Properties (OTCMKTS: PHPRF) is a real estate investment trust that specializes in the ownership and management of primary healthcare facilities. Established in 1995 and listed on the London Stock Exchange in 1996, the company focuses on providing modern, purpose-built medical real estate designed to support general practitioners, community health providers and related healthcare services. Its portfolio comprises predominantly single-tenanted or multi-tenanted primary care buildings leased under long-term agreements to tenants such as general practice partnerships, the National Health Service (NHS), and private sector healthcare operators.

The company’s core business activities include the acquisition, development and refurbishment of primary care facilities.