Great Portland Estates PLC (OTCMKTS:GPEAF – Get Free Report) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,400,919 shares, an increase of 27.5% from the February 12th total of 1,098,776 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 3 shares, the short-interest ratio is presently 466,973.0 days. Based on an average daily volume of 3 shares, the short-interest ratio is presently 466,973.0 days. Currently, 0.3% of the shares of the stock are sold short.
Great Portland Estates Price Performance
Shares of GPEAF stock opened at $4.09 on Tuesday. The business’s 50-day moving average price is $4.48 and its 200-day moving average price is $4.36. Great Portland Estates has a 12 month low of $3.64 and a 12 month high of $5.23.
Analyst Ratings Changes
Separately, The Goldman Sachs Group lowered shares of Great Portland Estates from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Great Portland Estates Company Profile
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The firm’s investment strategy centres on identifying underutilised or outdated properties and unlocking value through strategic redevelopment.
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