Short Interest in Workspace Group Plc (OTCMKTS:WKPPF) Rises By 359.1%

Workspace Group Plc (OTCMKTS:WKPPF) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 17,405 shares, a growth of 359.1% from the January 15th total of 3,791 shares. Based on an average daily volume of 5,263 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily volume of 5,263 shares, the days-to-cover ratio is currently 3.3 days.

Analyst Upgrades and Downgrades

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

Workspace Group Price Performance

Shares of WKPPF remained flat at $5.75 during trading hours on Friday. 350 shares of the stock traded hands, compared to its average volume of 8,772. Workspace Group has a 52-week low of $4.75 and a 52-week high of $6.00. The company has a 50-day moving average price of $5.19 and a 200 day moving average price of $5.59.

Workspace Group Company Profile

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.