Shaftesbury Capital PLC (OTCMKTS:CCPPF) Shares Shorted: Short Interest Up 1,215.5% in October

Shaftesbury Capital PLC (OTCMKTS:CCPPF) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 411,664 shares, an increase of 1,215.5% from the October 15th total of 31,293 shares. Based on an average trading volume of 103 shares, the short-interest ratio is presently 3,996.7 days.

Shaftesbury Capital Stock Performance

Shares of OTCMKTS:CCPPF remained flat at $1.92 during trading hours on Tuesday. Shaftesbury Capital has a 52 week low of $1.71 and a 52 week high of $1.92. The stock’s fifty day simple moving average is $1.83 and its 200-day simple moving average is $1.81.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CCPPF shares. Morgan Stanley raised shares of Shaftesbury Capital from a “market perform” rating to an “overweight” rating in a report on Tuesday, September 1st. Kepler Capital Markets upgraded shares of Shaftesbury Capital from a “reduce” rating to a “hold” rating in a research report on Tuesday, September 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Shaftesbury Capital in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Shaftesbury Capital

Shaftesbury Capital PLC is a London-based real estate investment company focused on owning, managing and developing mixed-use properties in central London. Its portfolio includes retail, restaurants, leisure venues, offices and residential properties, with an emphasis on creating vibrant, high-quality destinations for businesses, residents and visitors. The company’s assets are concentrated in prominent West End districts, including Covent Garden, Soho, Carnaby, Chinatown and the surrounding areas.