Lendlease Group (OTCMKTS:LLESY) Sees Large Drop in Short Interest

Lendlease Group (OTCMKTS:LLESY) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 45 shares, a drop of 91.5% from the June 15th total of 527 shares. Based on an average trading volume of 638 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Lendlease Group to a “hold” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Lendlease Group Stock Performance

LLESY stock remained flat at $2.25 during trading on Friday. The business’s 50 day simple moving average is $2.10 and its 200 day simple moving average is $2.65. Lendlease Group has a 12-month low of $1.78 and a 12-month high of $3.79.

About Lendlease Group

Lendlease Group is a multinational property and infrastructure company headquartered in Sydney, Australia. The firm specializes in end-to-end capabilities spanning development, construction, project management, investment, and asset and property management. Its offerings cover residential, commercial, retail, logistics, and social infrastructure sectors, with a focus on sustainable and integrated urban regeneration.

Founded in 1958 by Dutch-born engineer Dick Dusseldorp, Lendlease has grown from its origins in Australian housing development to become a global player.