Gafisa S.A. (OTCMKTS:GFASY – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,600 shares, an increase of 128.6% from the May 31st total of 700 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is presently 1.5 days.
Gafisa Price Performance
GFASY remained flat at $1.29 on Friday. The company’s 50 day moving average is $1.78 and its 200 day moving average is $3.03. Gafisa has a 12 month low of $1.29 and a 12 month high of $6.94.
Gafisa Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th were given a dividend of $0.0112 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a yield of 0.37%.
Gafisa Company Profile
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.
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