Great Portland Estates Plc (OTCMKTS:GPEAF) Short Interest Update

Great Portland Estates Plc (OTCMKTS:GPEAFGet Rating) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 592,900 shares, a decrease of 19.9% from the June 30th total of 740,200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 5,929.0 days.

Great Portland Estates Price Performance

OTCMKTS:GPEAF opened at $7.00 on Thursday. The firm has a 50-day moving average of $7.62 and a two-hundred day moving average of $8.70. Great Portland Estates has a 1-year low of $7.00 and a 1-year high of $10.24.

Wall Street Analyst Weigh In

GPEAF has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Great Portland Estates from GBX 700 ($8.58) to GBX 670 ($8.21) in a research report on Tuesday, July 5th. The Goldman Sachs Group cut shares of Great Portland Estates from a “buy” rating to a “neutral” rating in a research report on Monday, July 11th. Finally, JPMorgan Chase & Co. raised shares of Great Portland Estates from a “neutral” rating to an “overweight” rating in a research report on Wednesday, April 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $670.00.

About Great Portland Estates

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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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