Great Portland Estates Plc (OTCMKTS:GPEAF) Sees Significant Decrease in Short Interest

Great Portland Estates Plc (OTCMKTS:GPEAF - Get Free Report) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 1,339,800 shares, a drop of 5.9% from the November 30th total of 1,423,200 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 13,398.0 days.

Great Portland Estates Stock Performance

Shares of GPEAF stock remained flat at $3.70 on Wednesday. Great Portland Estates has a 12-month low of $3.70 and a 12-month high of $4.14. The company has a 50-day simple moving average of $3.98 and a 200-day simple moving average of $4.69.

Analysts Set New Price Targets

Several equities research analysts have commented on GPEAF shares. Citigroup upgraded Great Portland Estates from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, November 8th. BNP Paribas upgraded Great Portland Estates to a "strong sell" rating in a research report on Thursday, September 12th.

About Great Portland Estates

We are a FTSE 250 property investment and development company owning £2.5 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.