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

The GPT Group (OTCMKTS:GPTGF) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,157,300 shares, an increase of 52.1% from the August 31st total of 761,100 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 1,446.6 days. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 1,446.6 days.

The GPT Group Trading Down 5.1%

OTCMKTS:GPTGF opened at $3.32 on Wednesday. The GPT Group has a one year low of $2.64 and a one year high of $3.65. The company has a fifty day moving average price of $3.50 and a 200 day moving average price of $3.16.

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.