Scentre Group (OTCMKTS:STGPF) Sees Significant Drop in Short Interest

Scentre Group (OTCMKTS:STGPF) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 5,754,600 shares, a decline of 40.5% from the November 15th total of 9,669,300 shares. Based on an average trading volume of 9,200 shares, the short-interest ratio is presently 625.5 days.

Scentre Group Price Performance

Shares of OTCMKTS STGPF remained flat at $1.99 during midday trading on Friday. 1 shares of the stock were exchanged, compared to its average volume of 3,772. Scentre Group has a 52 week low of $1.70 and a 52 week high of $2.60. The business’s 50 day moving average is $2.21 and its 200-day moving average is $2.14.

About Scentre Group

Scentre Group owns and operates a leading portfolio of 42 Westfield destinations with 37 located in Australia and five in New Zealand encompassing more than 12,000 outlets. Our Westfield destinations are strategically located in the heart of the local communities we serve. Our centres are considered community hubs that connect people with services and experiences that enrich their daily lives.