Brookfield Property Partners L.P. (NASDAQ:BPYPO) Sees Large Decline in Short Interest

Brookfield Property Partners L.P. (NASDAQ:BPYPO) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 13,301 shares, a drop of 35.5% from the September 30th total of 20,627 shares. Based on an average daily trading volume, of 15,482 shares, the days-to-cover ratio is presently 0.9 days.

Brookfield Property Partners Stock Up 2.2%

Shares of BPYPO stock opened at $14.66 on Tuesday. The firm’s 50 day moving average price is $14.93 and its two-hundred day moving average price is $15.10. Brookfield Property Partners has a 52-week low of $14.08 and a 52-week high of $16.26.

About Brookfield Property Partners

Brookfield Property Partners L.P. is a global real estate company associated with Brookfield Asset Management. The company owns, develops and operates a diversified portfolio of commercial and residential properties, with activities spanning office, retail, multifamily, logistics, hospitality and other real estate sectors.

Its business includes the ownership and management of large-scale office and retail properties, as well as residential and industrial assets. Brookfield Property Partners has historically served major markets in North America, Europe, Australia and Brazil, with a focus on high-quality properties in established urban and regional locations.

Brookfield Property Partners was formed in 2013 through the combination of Brookfield Asset Management’s core real estate operations and was structured as a publicly traded limited partnership.