The GPT Group (OTCMKTS:GPTGF) Sees Large Decline in Short Interest

The GPT Group (OTCMKTS:GPTGF) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 120,856 shares, a drop of 41.8% from the September 30th total of 207,797 shares. Based on an average daily trading volume, of 135 shares, the short-interest ratio is presently 895.2 days.

The GPT Group Stock Performance

Shares of The GPT Group stock remained flat at $3.31 during midday trading on Monday. The stock has a 50 day simple moving average of $3.30 and a 200 day simple moving average of $3.40. The GPT Group has a 52 week low of $2.84 and a 52 week high of $3.83.

About The GPT Group

The GPT Group is an Australian property group and real estate investment trust with a diversified portfolio of retail, office and logistics properties. The group owns, develops and manages income-producing commercial real estate, with activities spanning property investment, development and asset management.

GPT’s retail business includes shopping centres, while its office and logistics operations focus on workplace and industrial properties in major Australian markets. Through its funds management platform, the company also manages property investment vehicles and provides real estate investment management services for institutional and other investors.

Established in 1971 as General Property Trust, The GPT Group has grown into one of Australia’s established diversified property owners.