Gafisa SA (OTCMKTS:GFASY) Sees Large Increase in Short Interest

Gafisa SA (OTCMKTS:GFASYGet Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,054 shares, a growth of 663.6% from the April 15th total of 269 shares. Based on an average daily volume of 333 shares, the short-interest ratio is currently 6.2 days. Currently, 0.0% of the shares of the stock are sold short.

Gafisa Stock Performance

Gafisa stock remained flat at $0.15 during trading hours on Tuesday. 2 shares of the company’s stock traded hands, compared to its average volume of 212. Gafisa has a 1 year low of $0.02 and a 1 year high of $1.00. The stock has a 50 day moving average of $0.14 and a 200-day moving average of $0.13.

Gafisa Company Profile

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Gafisa SA is a Brazil-based real estate development company founded in 1954 and headquartered in São Paulo. The company is principally engaged in the development, construction and sale of residential properties. It operates across multiple stages of the real estate value chain, including land acquisition, project design, construction management, sales and marketing, and post-sales customer service.

Gafisa’s core offerings focus on medium- and high-income residential segments, with a portfolio that includes mid-rise and high-rise apartment complexes, condominiums and mixed-use developments.

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