Great Portland Estates Plc (OTCMKTS:GPEAF – Get Rating) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 210,400 shares, a growth of 95.7% from the April 30th total of 107,500 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 2,104.0 days.
Great Portland Estates Stock Performance
Shares of GPEAF remained flat at $5.61 during mid-day trading on Friday. The stock had a trading volume of 16 shares, compared to its average volume of 7. Great Portland Estates has a fifty-two week low of $4.42 and a fifty-two week high of $9.64. The firm’s 50-day moving average price is $5.76 and its 200 day moving average price is $6.26.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group lowered Great Portland Estates from a “buy” rating to a “neutral” rating in a research note on Thursday, May 11th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $560.00.
Great Portland Estates Company Profile
We are a FTSE 250 property investment and development company owning £2.6 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London's property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.
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