Gafisa S.A. (OTCMKTS:GFASY) Short Interest Update

Gafisa S.A. (OTCMKTS:GFASY) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 900 shares, a growth of 800.0% from the February 29th total of 100 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 2.3 days.

Gafisa Price Performance

Shares of GFASY opened at $2.85 on Thursday. The firm’s 50 day moving average is $3.94 and its 200-day moving average is $2.97. Gafisa has a 12 month low of $1.45 and a 12 month high of $6.94.

About Gafisa

Gafisa SA operates as a development and construction company under the Gafisa brand name in Brazil. The company is involved in residential, commercial, and hotel projects. It also provides technical consultancy services, and real estate management and construction services to third parties. Gafisa SA was founded in 1954 and is headquartered in São Paulo, Brazil.