Short Interest in Gafisa SA (OTCMKTS:GFASY) Expands By 663.6%

Gafisa SA (OTCMKTS:GFASY) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,054 shares, an increase of 663.6% from the April 15th total of 269 shares. Based on an average daily trading volume, of 333 shares, the days-to-cover ratio is currently 6.2 days. Approximately 0.0% of the shares of the stock are short sold.

Gafisa Stock Performance

Shares of GFASY stock opened at $0.15 on Thursday. The business has a fifty day simple moving average of $0.14 and a 200 day simple moving average of $0.13. Gafisa has a twelve month low of $0.02 and a twelve month high of $1.00.

Gafisa Company Profile

Gafisa SA is a Brazil-based real estate development company founded in 1954 and headquartered in São Paulo. The company is principally engaged in the development, construction and sale of residential properties. It operates across multiple stages of the real estate value chain, including land acquisition, project design, construction management, sales and marketing, and post-sales customer service.

Gafisa’s core offerings focus on medium- and high-income residential segments, with a portfolio that includes mid-rise and high-rise apartment complexes, condominiums and mixed-use developments.