PSP Swiss Property AG (OTCMKTS:PSPSF) Stock Short Interest Rises 344.4%

PSP Swiss Property AG (OTCMKTS:PSPSF – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 18,937 shares, an increase of 344.4% from the August 31st total of 4,261 shares. Based on an average daily trading volume, of 35 shares, the short-interest ratio is presently 541.1 days.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued an “underweight” rating on shares of PSP Swiss Property in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on PSPSF

PSP Swiss Property Price Performance

OTCMKTS PSPSF opened at $179.74 on Friday. The company has a 50 day simple moving average of $179.77 and a 200-day simple moving average of $188.30. PSP Swiss Property has a 52-week low of $166.25 and a 52-week high of $220.00.

PSP Swiss Property Company Profile

(Get Free Report)

PSP Swiss Property AG is a Swiss real estate company that owns, manages and develops a portfolio of high-quality properties. Its activities are focused primarily on office and commercial real estate, with the company generating income by leasing space to corporate and other commercial tenants.

The company’s property portfolio is concentrated in Switzerland’s main economic centers, including Zurich, Geneva, Basel, Bern and Lausanne. In addition to managing existing buildings, PSP Swiss Property undertakes selected development, redevelopment and modernization projects intended to preserve and enhance the long-term value of its properties.

PSP Swiss Property was established in 1999 and is headquartered in Zug, Switzerland.

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