Short Interest in The GPT Group (OTCMKTS:GPTGF) Grows By 16.9%

The GPT Group (OTCMKTS:GPTGFGet Rating) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 897,000 shares, an increase of 16.9% from the June 30th total of 767,600 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 2,990.0 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered The GPT Group to a “sell” rating and set a $4.30 target price on the stock. in a research report on Wednesday, June 29th.

The GPT Group Price Performance

Shares of GPTGF stock opened at $3.03 on Thursday. The stock’s 50-day moving average is $3.25 and its two-hundred day moving average is $3.54. The GPT Group has a fifty-two week low of $2.90 and a fifty-two week high of $3.85.

The GPT Group Company Profile

(Get Rating)

The GPT Group is one of Australia's largest diversified property groups and a top 50 ASX listed company by market capitalisation. GPT owns and manages a $25.3 billion portfolio of retail, office and logistics property assets across Australia. The Group has a substantial investor base with more than 32,000 shareholders.

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