Short Interest in The GPT Group (OTCMKTS:GPTGF) Declines By 5.2%

The GPT Group (OTCMKTS:GPTGF) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 1,530,500 shares, a drop of 5.2% from the January 15th total of 1,615,000 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 15,305.0 days.

The GPT Group Stock Performance

OTCMKTS GPTGF opened at $2.88 on Wednesday. The stock’s 50 day simple moving average is $2.85 and its 200-day simple moving average is $3.13. The GPT Group has a 1-year low of $2.55 and a 1-year high of $3.70.

About The GPT Group

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.