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

Workspace Group Plc (OTCMKTS:WKPPF) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 2,615 shares, a decrease of 85.0% from the January 29th total of 17,405 shares. Based on an average daily volume of 270 shares, the short-interest ratio is currently 9.7 days. Based on an average daily volume of 270 shares, the short-interest ratio is currently 9.7 days.

Workspace Group Stock Performance

OTCMKTS:WKPPF remained flat at $5.75 on Wednesday. Workspace Group has a 12 month low of $4.75 and a 12 month high of $6.00. The business has a 50 day moving average of $5.27 and a 200 day moving average of $5.58.

Analysts Set New Price Targets

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