Short Interest in Grand City Properties S.A. (OTCMKTS:GRNNF) Increases By 66.5%

Grand City Properties S.A. (OTCMKTS:GRNNF) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 209,000 shares, an increase of 66.5% from the May 15th total of 125,500 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 2,090.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “buy” rating on shares of Grand City Properties in a report on Thursday, May 15th.

Grand City Properties Price Performance

OTCMKTS GRNNF remained flat at $12.86 during midday trading on Monday. The stock’s fifty day simple moving average is $10.92 and its 200 day simple moving average is $11.48. Grand City Properties has a fifty-two week low of $10.45 and a fifty-two week high of $14.00.

Grand City Properties Company Profile

Grand City Properties SA engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; metropolitan regions of Dresden, Leipzig, and Halle; and the cities in the north of Germany, Bremen, Hamburg, and Hannover, as well as other major urban centers, such as Nuremberg, Munch, Mannheim, Frankfurt, and London.