Great Portland Estates Plc Sees Surge in Short Interest

Great Portland Estates Plc (OTCMKTS:GPEAF - Get Free Report) has experienced a notable upsurge in short interest during March. By March 15th, the total short interest reached 1,788,400 shares, marking an increase of 42.0% from the 1,259,800 shares reported on February 28th. This surge has resulted in a short-interest ratio of 894.2 days, calculated against an average trading volume of 2,000 shares. Currently, around 0.7% of the company’s total shares are sold short.

Great Portland Estates Stock Overview

On a recent trading day, GPEAF maintained a flat price of $3.65. The company has a 50-day moving average of $3.34 and a 200-day moving average of $3.92. Over the past year, the stock has seen a low of $3.28 and a high of $4.14.

Company Background

Great Portland Estates is a property investment and development firm listed in the FTSE 250 index, holding approximately £2.5 billion worth of real estate in Central London. The company focuses on actively managing its real estate portfolio, aligning its strategies with the property cycle in London to ensure sustained performance over the long term. Great Portland Estates also aims to create attractive and desirable spaces that benefit their tenants, local communities, and the city.

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Investment Consideration

Before investing in Great Portland Estates, it is prudent to gather insights. Market analysis is continually conducted by top-rated analysts, revealing five stocks they believe are currently better investment options compared to Great Portland Estates. Analysts have given Great Portland Estates a Moderate Buy rating, but the top performers are strongly encouraged for potential buying opportunities.

GPEAF, Stocks, ShortInterest