PSP Swiss Property AG (OTCMKTS:PSPSF) Stock Short Interest Rises 344.4%

PSP Swiss Property AG (OTCMKTS:PSPSF) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 18,937 shares, an increase of 344.4% from the August 31st total of 4,261 shares. Based on an average daily volume of 35 shares, the short-interest ratio is currently 541.1 days.

PSP Swiss Property Stock Performance

OTCMKTS:PSPSF opened at $179.74 on Friday. The stock’s 50 day moving average price is $179.77 and its 200 day moving average price is $188.30. PSP Swiss Property has a 52 week low of $166.25 and a 52 week high of $220.00.

Analysts Set New Price Targets

Separately, Morgan Stanley restated an “underweight” rating on shares of PSP Swiss Property in a research note on Tuesday, September 1st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About PSP Swiss Property

PSP Swiss Property AG is a Swiss real estate company that owns, manages and develops a portfolio of high-quality properties. Its activities are focused primarily on office and commercial real estate, with the company generating income by leasing space to corporate and other commercial tenants.

The company’s property portfolio is concentrated in Switzerland’s main economic centers, including Zurich, Geneva, Basel, Bern and Lausanne. In addition to managing existing buildings, PSP Swiss Property undertakes selected development, redevelopment and modernization projects intended to preserve and enhance the long-term value of its properties.

PSP Swiss Property was established in 1999 and is headquartered in Zug, Switzerland.