The GPT Group (OTCMKTS:GPTGF) Sees Significant Increase in Short Interest

The GPT Group (OTCMKTS:GPTGF) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,094,500 shares, an increase of 88.8% from the September 30th total of 579,600 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 10,945.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is presently 10,945.0 days.

The GPT Group Price Performance

Shares of OTCMKTS:GPTGF opened at $3.50 on Monday. The GPT Group has a 12 month low of $2.64 and a 12 month high of $3.65. The stock’s 50 day moving average price is $3.50 and its 200 day moving average price is $3.24.

The GPT Group Company Profile

GPT is a vertically integrated diversified property group that owns and actively manages a portfolio of high quality Australian retail, office and logistics assets, with assets under management of $32.4 billion. The Group utilises its real estate management platform to enhance returns through property development and funds management.