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

Key Points

• Short interest rose by 21.4% to 1,701,182 shares as of March 13, with an unusually high days-to-cover ratio of 3,566.4 days based on average daily volume, representing about 0.4% of shares short.
• The stock opened at $3.71, trading near its 12-month low of $3.64 and below its 50-day and 200-day moving averages (around $4.41 and $4.33), signaling recent weakness.
• Goldman Sachs downgraded Great Portland Estates from "buy" to "hold"; the consensus rating remains a "Moderate Buy" based on one Buy and one Hold analyst opinion.

Great Portland Estates PLC (OTCMKTS:GPEAF - Get Free Report) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 1,701,182 shares, a growth of 21.4% from the February 26th total of 1,400,919 shares. Based on an average daily trading volume, of 477 shares, the days-to-cover ratio is presently 3,566.4 days. Approximately 0.4% of the shares of the stock are short sold.

Great Portland Estates Price Performance

OTCMKTS GPEAF opened at $3.71 on Tuesday. The firm's 50-day moving average is $4.41 and its two-hundred day moving average is $4.33. Great Portland Estates has a 12 month low of $3.64 and a 12 month high of $5.23.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Great Portland Estates from a "buy" rating to a "hold" rating in a report on Thursday, December 4th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Great Portland Estates Company Profile

Great Portland Estates plc is a London-based real estate investment trust (REIT) specialising in the acquisition, development and management of commercial property in central London. The company focuses on office space, retail premises and mixed-use residential schemes, targeting prime locations across the West End, the City and Midtown. Its core activities include asset repositioning through refurbishment and redevelopment, proactive leasing and tenant relationship management, and selective disposals to optimise portfolio value.

The firm's investment strategy centres on identifying underutilised or outdated properties and unlocking value through strategic redevelopment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.