Gafisa S.A. (OTCMKTS:GFASY) Sees Significant Growth in Short Interest

Gafisa S.A. (OTCMKTS:GFASY) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,600 shares, an increase of 128.6% from the May 31st total of 700 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 1.5 days.

Gafisa Stock Performance

Shares of OTCMKTS:GFASY opened at $1.29 on Friday. The stock’s fifty day simple moving average is $1.78 and its two-hundred day simple moving average is $3.03. Gafisa has a 1-year low of $1.29 and a 1-year high of $6.94.

Gafisa Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th were given a dividend of $0.0112 per share. This represents a dividend yield of 0.37%. The ex-dividend date was Monday, April 15th.

Gafisa Company Profile

Gafisa SA operates as a development and construction company under the Gafisa brand name in Brazil. The company is involved in residential, commercial, and hotel projects. It also provides technical consultancy services, and real estate management and construction services to third parties. Gafisa SA was founded in 1954 and is headquartered in São Paulo, Brazil.