Nippon Building Fund Incorporation (OTCMKTS:NBFJF – Get Rating) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 7,100 shares, an increase of 20.3% from the October 15th total of 5,900 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 71.0 days.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded shares of Nippon Building Fund Incorporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from 704,000.00 to 727,000.00 in a research note on Tuesday, September 27th.
Nippon Building Fund Incorporation Trading Down 7.2 %
NBFJF opened at 5,500.00 on Tuesday. Nippon Building Fund Incorporation has a 12 month low of 5,500.00 and a 12 month high of 5,925.00.
About Nippon Building Fund Incorporation
NBF (Nippon Building Fund Inc) is Japan's largest real estate investment trust (J-REIT) which invests in office buildings primarily in Tokyo as well as nationwide. its objective is to source the solid growth of the stable revenues from its assets through exploitation of Mitsui Fudossan's know-how.
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