Unibail-Rodamco-Westfield SE (OTCMKTS:UNBLF) Sees Large Drop in Short Interest

Unibail-Rodamco-Westfield SE (OTCMKTS:UNBLF) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 14,074 shares, a drop of 62.5% from the September 15th total of 37,509 shares. Based on an average daily trading volume, of 3 shares, the short-interest ratio is currently 4,691.3 days.

Unibail-Rodamco-Westfield Stock Performance

Shares of UNBLF opened at $97.30 on Tuesday. Unibail-Rodamco-Westfield has a 1-year low of $97.30 and a 1-year high of $127.17. The company’s fifty day simple moving average is $112.40 and its 200 day simple moving average is $114.70.

Analyst Upgrades and Downgrades

UNBLF has been the subject of a number of research reports. Barclays reiterated an “overweight” rating on shares of Unibail-Rodamco-Westfield in a report on Monday, August 24th. BNP Paribas Exane started coverage on Unibail-Rodamco-Westfield in a report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Unibail-Rodamco-Westfield Company Profile

Unibail-Rodamco-Westfield is a commercial real estate company that owns, develops and operates flagship shopping destinations, offices, convention and exhibition venues, and other mixed-use properties. Its retail portfolio operates primarily under the Westfield brand and combines shopping, dining, entertainment and leisure experiences.

The company was formed in 2007 through the merger of Unibail and Rodamco and expanded its international retail platform through the acquisition of Westfield in 2018.