Short Interest in The GPT Group (OTCMKTS:GPTGF) Drops By 12.8%

The GPT Group (OTCMKTS:GPTGF) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,615,000 shares, a decrease of 12.8% from the December 31st total of 1,851,300 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 4,037.5 days.

The GPT Group Stock Performance

GPTGF opened at $2.75 on Friday. The stock has a 50-day moving average of $2.90 and a 200 day moving average of $3.14. The GPT Group has a 12 month low of $2.55 and a 12 month 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.