Short Interest in Stockland (OTCMKTS:STKAF) Declines By 71.7%

Stockland (OTCMKTS:STKAF) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 402,000 shares, a drop of 71.7% from the January 31st total of 1,421,500 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 1,340.0 days.

Stockland Stock Performance

OTCMKTS:STKAF remained flat at $3.23 during trading hours on Friday. The company’s stock had a trading volume of 7,272 shares, compared to its average volume of 487. The business’s 50 day simple moving average is $3.09 and its 200-day simple moving average is $3.29. Stockland has a fifty-two week low of $2.68 and a fifty-two week high of $3.86.

About Stockland

We are a leading creator and curator of connected communities with people at the heart of the places we create. For more than 70 years, we have built a proud legacy, helping more Australians achieve the dream of home ownership, and enabling the future of work and retail. Today, we continue to build on our history as one of Australia's largest diversified property groups to elevate the social value of our places, and create a tangible sense of human connection, belonging and community for our customers.