PSP Swiss Property AG (OTCMKTS:PSPSF) Sees Significant Drop in Short Interest

PSP Swiss Property AG (OTCMKTS:PSPSF) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 23,736 shares, a decline of 22.4% from the March 15th total of 30,572 shares. Based on an average trading volume of 26 shares, the short-interest ratio is presently 912.9 days.

PSP Swiss Property Stock Up 5.9%

Shares of OTCMKTS:PSPSF traded up $11.29 during midday trading on Friday, hitting $203.74. The stock had a trading volume of 20 shares, compared to its average volume of 100. The stock has a 50 day moving average price of $200.31 and a two-hundred day moving average price of $184.77. PSP Swiss Property has a 1 year low of $166.25 and a 1 year high of $220.00.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of PSP Swiss Property to a “buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, PSP Swiss Property presently has a consensus rating of “Buy”.

About PSP Swiss Property

PSP Swiss Property AG is a real estate investment company focused on acquiring, developing and managing high-quality commercial and residential properties in Switzerland. The firm’s core business activities encompass property investment, asset management, leasing and value-enhancing redevelopment projects aimed at maintaining a balanced and diversified portfolio.

The company’s portfolio is weighted toward office, retail and residential spaces located in prime urban centers. Properties are typically concentrated in major Swiss cities such as Zurich, Geneva, Basel and Lausanne, where PSP Swiss Property seeks to attract long-term tenants through modern amenities, sustainable design features and proactive facility management.

PSP Swiss Property conducts its operations through an integrated platform that oversees acquisitions, financing and ongoing property services.