Shaftesbury Capital PLC (OTCMKTS:CCPPF) Sees Large Drop in Short Interest

Shaftesbury Capital PLC (OTCMKTS:CCPPF) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 31,293 shares, a drop of 88.5% from the September 30th total of 272,270 shares. Based on an average daily trading volume, of 1,029 shares, the short-interest ratio is currently 30.4 days.

Shaftesbury Capital Stock Performance

OTCMKTS CCPPF opened at $1.92 on Wednesday. Shaftesbury Capital has a 12-month low of $1.71 and a 12-month high of $1.92. The firm’s 50 day moving average is $1.81 and its 200-day moving average is $1.80.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CCPPF. Kepler Capital Markets raised shares of Shaftesbury Capital from a “reduce” rating to a “hold” rating in a research report on Tuesday, September 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Shaftesbury Capital in a research report on Wednesday, October 14th. Finally, Morgan Stanley raised shares of Shaftesbury Capital from a “market perform” rating to an “overweight” rating in a research report on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About Shaftesbury Capital

Shaftesbury Capital plc is a London-focused real estate investment company that owns, manages and develops mixed-use properties in some of the capital’s most prominent West End locations. Its portfolio includes retail, food and beverage, leisure, office and residential space.

The company’s assets are concentrated in destinations such as Covent Garden, Soho, Chinatown, Carnaby, Seven Dials and Fitzrovia. Shaftesbury Capital works with occupiers and local stakeholders to curate high-quality districts that combine shops, restaurants, entertainment venues, workplaces and homes.

The company was formed in 2023 through the merger of Shaftesbury plc and Capital & Counties Properties plc.