Workspace Group Plc (OTCMKTS:WKPPF) Sees Large Growth in Short Interest

Workspace Group Plc (OTCMKTS:WKPPF) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 4,703 shares, a growth of 107.5% from the December 15th total of 2,266 shares. Based on an average daily volume of 7 shares, the days-to-cover ratio is currently 671.9 days. Based on an average daily volume of 7 shares, the days-to-cover ratio is currently 671.9 days.

Workspace Group Price Performance

Shares of WKPPF opened at $4.75 on Friday. Workspace Group has a 1 year low of $4.75 and a 1 year high of $5.80. The stock has a 50 day simple moving average of $5.23 and a two-hundred day simple moving average of $5.60.

Analyst Ratings Changes

Separately, Barclays restated an “overweight” rating on shares of Workspace Group in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Workspace Group has an average rating of “Buy”.

About Workspace Group

Workspace Group plc is a London-based real estate investment trust (REIT) that specializes in providing flexible workspace solutions for small and medium-sized enterprises. The company acquires, develops and manages a diversified portfolio of office suites, studios and industrial workshops designed to support the operational needs of its clients. Its properties range from modern business centres to converted historic buildings, all tailored to foster creativity, collaboration and growth.

The group’s portfolio spans over five million square feet across more than 50 locations in Greater London.