Goodman Group (OTCMKTS:GMGSF) Sees Large Decline in Short Interest

Goodman Group (OTCMKTS:GMGSF) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 155,266 shares, a drop of 45.5% from the September 15th total of 284,843 shares. Based on an average daily volume of 940 shares, the short-interest ratio is presently 165.2 days.

Goodman Group Price Performance

OTCMKTS:GMGSF remained flat at $18.36 during mid-day trading on Thursday. 2,314 shares of the company were exchanged, compared to its average volume of 4,088. Goodman Group has a fifty-two week low of $16.08 and a fifty-two week high of $23.92. The business has a 50 day simple moving average of $19.33 and a 200-day simple moving average of $20.17.

Analyst Ratings Changes

A number of research firms have recently commented on GMGSF. The Goldman Sachs Group started coverage on Goodman Group in a research report on Monday. They set a “buy” rating on the stock. New Street Research set a $32.00 price target on Goodman Group in a research note on Monday. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $32.00.

Goodman Group Company Profile

Goodman Group (OTCMKTS:GMGSF) is an Australian integrated property group that owns, develops and manages logistics and industrial real estate. Its portfolio includes warehouses, distribution centers, business parks and other properties used for supply-chain, manufacturing and data center operations.

The company provides property investment and development services, along with asset and facilities management for institutional investors, businesses and other customers. Goodman typically focuses on strategically located properties near major population centers, transport infrastructure and trade hubs.

Goodman Group serves markets across Australia and New Zealand, Asia, Europe, the United Kingdom and the Americas.