Great Portland Estates PLC (OTCMKTS:GPEAF) Short Interest Up 27.5% in February

Great Portland Estates PLC (OTCMKTS:GPEAF) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 1,400,919 shares, a growth of 27.5% from the February 12th total of 1,098,776 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 3 shares, the short-interest ratio is presently 466,973.0 days. Based on an average daily trading volume, of 3 shares, the short-interest ratio is presently 466,973.0 days. Currently, 0.3% of the company’s shares are short sold.

Great Portland Estates Price Performance

OTCMKTS GPEAF opened at $4.09 on Monday. The firm has a 50 day simple moving average of $4.48 and a 200-day simple moving average of $4.36. Great Portland Estates has a one year low of $3.64 and a one year high of $5.23.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Great Portland Estates from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Great Portland Estates has an average rating of “Moderate Buy”.

About Great Portland Estates

Great Portland Estates plc is a London-based real estate investment trust (REIT) specialising in the acquisition, development and management of commercial property in central London. The company focuses on office space, retail premises and mixed-use residential schemes, targeting prime locations across the West End, the City and Midtown. Its core activities include asset repositioning through refurbishment and redevelopment, proactive leasing and tenant relationship management, and selective disposals to optimise portfolio value.

The firm’s investment strategy centres on identifying underutilised or outdated properties and unlocking value through strategic redevelopment.