PSP Swiss Property AG (OTCMKTS:PSPSF) Sees Large Decrease in Short Interest

PSP Swiss Property AG (OTCMKTS:PSPSFGet Rating) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 54,000 shares, a drop of 37.6% from the April 15th total of 86,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 540.0 days.

Shares of OTCMKTS PSPSF opened at $118.40 on Friday. The company’s 50-day simple moving average is $127.63 and its 200-day simple moving average is $124.93. PSP Swiss Property has a 52-week low of $117.00 and a 52-week high of $136.63.

About PSP Swiss Property (Get Rating)

PSP Swiss Property AG, together with its subsidiaries, owns and operates real estate properties in Switzerland. It operates through Real Estate Investments and Property Management segments. The company owns, operates, and leases office, retail, gastronomy, and parking spaces. It owns 158 office and commercial properties, and 18 development sites and individual projects in Zurich, Geneva, Basel, Bern, and Lausanne.

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