Shaftesbury Capital PLC (OTCMKTS:CCPPF) Sees Significant Increase in Short Interest

Shaftesbury Capital PLC (OTCMKTS:CCPPF) was the recipient of a significant increase in short interest during the month of 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 daily volume of 103 shares, the short-interest ratio is presently 3,996.7 days.

Shaftesbury Capital Price Performance

OTCMKTS CCPPF opened at $1.92 on Wednesday. The business’s fifty day moving average price is $1.83 and its 200-day moving average price is $1.81. Shaftesbury Capital has a 1-year low of $1.71 and a 1-year high of $1.92.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CCPPF. Morgan Stanley upgraded Shaftesbury Capital from a “market perform” rating to an “overweight” rating in a report on Tuesday, September 1st. Jefferies Financial Group restated a “buy” rating on shares of Shaftesbury Capital in a research report on Wednesday, October 14th. Finally, Kepler Capital Markets upgraded Shaftesbury Capital from a “reduce” rating to a “hold” rating in a research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus 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.