Gafisa SA (OTCMKTS:GFASY) Sees Large Increase in Short Interest

Gafisa SA (OTCMKTS:GFASYGet Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,054 shares, an increase of 663.6% from the April 15th total of 269 shares. Based on an average trading volume of 333 shares, the days-to-cover ratio is currently 6.2 days. Approximately 0.0% of the company’s shares are short sold.

Gafisa Price Performance

Shares of GFASY stock remained flat at $0.15 during trading hours on Tuesday. The stock had a trading volume of 2 shares, compared to its average volume of 212. Gafisa has a one year low of $0.02 and a one year high of $1.00. The firm’s fifty day simple moving average is $0.14 and its 200 day simple moving average is $0.13.

Gafisa Company Profile

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Gafisa SA is a Brazil-based real estate development company founded in 1954 and headquartered in São Paulo. The company is principally engaged in the development, construction and sale of residential properties. It operates across multiple stages of the real estate value chain, including land acquisition, project design, construction management, sales and marketing, and post-sales customer service.

Gafisa’s core offerings focus on medium- and high-income residential segments, with a portfolio that includes mid-rise and high-rise apartment complexes, condominiums and mixed-use developments.

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