Lendlease Group (OTCMKTS:LLESY) Sees Significant Increase in Short Interest

Lendlease Group (OTCMKTS:LLESY) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 581 shares, a growth of 75.5% from the February 12th total of 331 shares. Based on an average daily trading volume, of 561 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 561 shares, the days-to-cover ratio is presently 1.0 days.

Lendlease Group Price Performance

OTCMKTS LLESY remained flat at $2.60 during trading hours on Friday. 1,055 shares of the company were exchanged, compared to its average volume of 810. Lendlease Group has a one year low of $2.60 and a one year high of $4.00. The business’s 50-day simple moving average is $3.27 and its 200-day simple moving average is $3.44.

About Lendlease Group

Lendlease Group is a multinational property and infrastructure company headquartered in Sydney, Australia. The firm specializes in end-to-end capabilities spanning development, construction, project management, investment, and asset and property management. Its offerings cover residential, commercial, retail, logistics, and social infrastructure sectors, with a focus on sustainable and integrated urban regeneration.

Founded in 1958 by Dutch-born engineer Dick Dusseldorp, Lendlease has grown from its origins in Australian housing development to become a global player.