PSP Swiss Property AG (OTCMKTS:PSPSF) Short Interest Update

PSP Swiss Property AG (OTCMKTS:PSPSF) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 18,937 shares, a growth of 344.4% from the August 31st total of 4,261 shares. Based on an average trading volume of 35 shares, the short-interest ratio is presently 541.1 days.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “underweight” rating on shares of PSP Swiss Property in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

PSP Swiss Property Stock Performance

PSPSF remained flat at $179.74 during trading on Friday. The stock’s 50 day moving average is $179.75 and its 200-day moving average is $188.24. PSP Swiss Property has a 1-year low of $166.25 and a 1-year high of $220.00.

About PSP Swiss Property

PSP Swiss Property AG is a Swiss real estate company that owns, manages and develops a portfolio of high-quality properties. Its activities are focused primarily on office and commercial real estate, with the company generating income by leasing space to corporate and other commercial tenants.

The company’s property portfolio is concentrated in Switzerland’s main economic centers, including Zurich, Geneva, Basel, Bern and Lausanne. In addition to managing existing buildings, PSP Swiss Property undertakes selected development, redevelopment and modernization projects intended to preserve and enhance the long-term value of its properties.

PSP Swiss Property was established in 1999 and is headquartered in Zug, Switzerland.