Grand City Properties S.A. (OTCMKTS:GRNNF) Short Interest Up 51.7% in December

Grand City Properties S.A. (OTCMKTS:GRNNF) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 165,770 shares, an increase of 51.7% from the November 30th total of 109,289 shares. Based on an average daily volume of 1,144 shares, the short-interest ratio is currently 144.9 days. Based on an average daily volume of 1,144 shares, the short-interest ratio is currently 144.9 days.

Grand City Properties Stock Performance

Shares of OTCMKTS GRNNF remained flat at $11.57 during trading on Monday. The firm has a 50-day moving average price of $12.22 and a 200 day moving average price of $12.28. Grand City Properties has a 52-week low of $10.50 and a 52-week high of $13.01.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Jefferies Financial Group upgraded Grand City Properties to a “buy” rating in a research note on Sunday, September 7th. The Goldman Sachs Group cut Grand City Properties from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Grand City Properties presently has a consensus rating of “Moderate Buy”.

Grand City Properties Company Profile

Grand City Properties SA is a Luxembourg‐based real estate investment trust (REIT) specializing in residential property ownership and management across key European markets. The company focuses on acquiring, developing and operating mid‐market rental apartment portfolios, with a primary emphasis on major German cities and selected urban centres in the United Kingdom. Its diversified residential holdings comprise freehold assets that generate stable rental income streams and offer potential for long-term value appreciation.

Since its inception in the mid-2000s, Grand City Properties has pursued a value-add strategy, targeting underperforming or outdated properties in high-growth regions.