Unibail-Rodamco-Westfield SE (OTCMKTS:UNBLF) Sees Significant Decline in Short Interest

Unibail-Rodamco-Westfield SE (OTCMKTS:UNBLF) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 14,074 shares, a decline of 62.5% from the September 15th total of 37,509 shares. Based on an average daily volume of 3 shares, the days-to-cover ratio is presently 4,691.3 days.

Unibail-Rodamco-Westfield Stock Performance

Unibail-Rodamco-Westfield stock opened at $96.18 on Wednesday. Unibail-Rodamco-Westfield has a 1 year low of $96.18 and a 1 year high of $127.17. The company’s 50-day moving average is $111.95 and its two-hundred day moving average is $114.61.

Wall Street Analyst Weigh In

UNBLF has been the topic of a number of recent analyst reports. Barclays reissued an “overweight” rating on shares of Unibail-Rodamco-Westfield in a research note on Monday, August 24th. BNP Paribas Exane initiated coverage on Unibail-Rodamco-Westfield in a research note on Wednesday, July 1st. They issued an “outperform” rating for the company. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is a commercial real estate company that owns, develops and operates flagship shopping destinations, offices, convention and exhibition venues, and other mixed-use properties. Its retail portfolio operates primarily under the Westfield brand and combines shopping, dining, entertainment and leisure experiences.

The company was formed in 2007 through the merger of Unibail and Rodamco and expanded its international retail platform through the acquisition of Westfield in 2018.