Short Interest in Great Portland Estates Plc (OTCMKTS:GPEAF) Drops By 9.9%

Great Portland Estates Plc (OTCMKTS:GPEAF) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,259,300 shares, a decrease of 9.9% from the January 15th total of 1,397,000 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 12,593.0 days.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Great Portland Estates from a “strong sell” rating to a “strong-buy” rating in a report on Friday, November 8th.

Great Portland Estates Price Performance

GPEAF opened at $3.33 on Tuesday. The firm has a 50-day simple moving average of $3.51 and a two-hundred day simple moving average of $4.29. Great Portland Estates has a 52 week low of $3.28 and a 52 week high of $4.14.

About Great Portland Estates

We are a FTSE 250 property investment and development company owning £2.5 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London’s property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.