Short Interest in CTP (OTCMKTS:CTPVF) Decreases By 44.0%

CTP (OTCMKTS:CTPVF) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 386,237 shares, a decrease of 44.0% from the July 30th total of 689,166 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

CTP Price Performance

Shares of CTPVF stock remained flat at C$16.32 during midday trading on Friday. The firm’s fifty day moving average is C$16.33 and its 200 day moving average is C$17.70. CTP has a 12-month low of C$16.32 and a 12-month high of C$22.85.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CTPVF shares. BNP Paribas Exane initiated coverage on shares of CTP in a research report on Wednesday, July 1st. They set an “outperform” rating for the company. Barclays reissued an “overweight” rating on shares of CTP in a report on Monday, August 24th. Finally, Sanford C. Bernstein downgraded CTP to a “market perform” rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, CTP presently has an average rating of “Moderate Buy”.

About CTP

CTP N.V., trading under OTCMKTS:CTPVF, is a leading developer and manager of logistics and industrial real estate in Central and Eastern Europe. Headquartered in Luxembourg and founded in 2010, the company focuses on providing modern build-to-suit and speculative warehouses and distribution centers for a diverse range of tenants in sectors such as e-commerce, retail, automotive, and manufacturing.

CTP’s portfolio extends across seven key countries—Czech Republic, Romania, Hungary, Slovakia, Poland, Serbia, and Bulgaria—where it manages site selection, construction, leasing, and facility operations.