BWP Trust (OTCMKTS:BUNNF) Sees Large Decrease in Short Interest

BWP Trust (OTCMKTS:BUNNF) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 36,410 shares, a drop of 54.9% from the August 15th total of 80,713 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

BWP Trust Stock Performance

Shares of BUNNF opened at $3.10 on Monday. The firm has a 50 day simple moving average of $3.10 and a two-hundred day simple moving average of $3.10. BWP Trust has a one year low of $3.10 and a one year high of $3.10.

BWP Trust Company Profile

Established and listed on the Australian Securities Exchange (ASX) in 1998 (see prospectus), BWP Trust (BWP or the Trust) is a real estate investment trust investing in and managing commercial properties throughout Australia. The majority of the Trust's properties are large format retailing properties, in particular, Bunnings Warehouses, leased to Bunnings Group Limited (Bunnings). Bunnings is the leading retailer of home improvement and outdoor living products in Australia and New Zealand, and a major supplier to project builders, commercial trades people, and the housing industry.