Short Interest in Workspace Group Plc (OTCMKTS:WKPPF) Rises By 107.5%

Workspace Group Plc (OTCMKTS:WKPPF) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 4,703 shares, a growth of 107.5% from the December 15th total of 2,266 shares. Based on an average daily volume of 7 shares, the short-interest ratio is currently 671.9 days. Based on an average daily volume of 7 shares, the short-interest ratio is currently 671.9 days.

Workspace Group Stock Performance

Shares of WKPPF opened at $4.75 on Friday. The company’s 50 day simple moving average is $5.25 and its 200-day simple moving average is $5.61. Workspace Group has a 12-month low of $4.75 and a 12-month high of $5.80.

Analyst Upgrades and Downgrades

Separately, Barclays restated an “overweight” rating on shares of Workspace Group in a report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Workspace Group presently has a consensus rating of “Buy”.

About Workspace Group

Workspace Group plc is a London-based real estate investment trust (REIT) that specializes in providing flexible workspace solutions for small and medium-sized enterprises. The company acquires, develops and manages a diversified portfolio of office suites, studios and industrial workshops designed to support the operational needs of its clients. Its properties range from modern business centres to converted historic buildings, all tailored to foster creativity, collaboration and growth.

The group’s portfolio spans over five million square feet across more than 50 locations in Greater London.