Goodman Group (OTCMKTS:GMGSF) Stock Short Interest Report for September

Goodman Group (OTCMKTS:GMGSF) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 155,266 shares, a decline of 45.5% from the September 15th total of 284,843 shares. Based on an average trading volume of 940 shares, the short-interest ratio is presently 165.2 days.

Goodman Group Price Performance

GMGSF remained flat at $18.36 during trading on Friday. 2,314 shares of the company’s stock traded hands, compared to its average volume of 4,088. Goodman Group has a fifty-two week low of $16.08 and a fifty-two week high of $23.92. The company has a 50-day moving average price of $19.29 and a 200-day moving average price of $20.18.

Analyst Ratings Changes

Several brokerages have recently commented on GMGSF. New Street Research set a $32.00 price objective on Goodman Group in a research report on Monday. The Goldman Sachs Group began coverage on Goodman Group in a research report on Monday. They issued a “buy” rating for the company. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, Goodman Group currently has a consensus rating of “Buy” and an average target price of $32.00.

Goodman Group Company Profile

Goodman Group (OTCMKTS:GMGSF) is an Australian integrated property group that owns, develops and manages logistics and industrial real estate. Its portfolio includes warehouses, distribution centers, business parks and other properties used for supply-chain, manufacturing and data center operations.

The company provides property investment and development services, along with asset and facilities management for institutional investors, businesses and other customers. Goodman typically focuses on strategically located properties near major population centers, transport infrastructure and trade hubs.

Goodman Group serves markets across Australia and New Zealand, Asia, Europe, the United Kingdom and the Americas.