Brookfield Property Partners L.P. (NASDAQ:BPYPO) Sees Large Increase in Short Interest

Brookfield Property Partners L.P. (NASDAQ:BPYPO) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 9,169 shares, an increase of 426.0% from the May 14th total of 1,743 shares. Based on an average daily trading volume, of 11,138 shares, the short-interest ratio is currently 0.8 days.

Brookfield Property Partners Price Performance

Shares of Brookfield Property Partners stock opened at $15.07 on Wednesday. The firm has a 50 day simple moving average of $15.25 and a 200 day simple moving average of $14.97. Brookfield Property Partners has a fifty-two week low of $13.87 and a fifty-two week high of $16.26.

Brookfield Property Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be paid a $0.3984 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.59 dividend on an annualized basis and a yield of 10.6%.

Brookfield Property Partners Company Profile

Brookfield Property Partners (NASDAQ: BPYPO) is a global real estate investment and property management company sponsored by Brookfield Asset Management. Established in 2013, the firm acquires, develops and operates a diversified portfolio of income?producing properties on behalf of the Brookfield group and its investment partners. The partnership structure allows institutional investors to participate directly in Brookfield’s real estate platform, while benefiting from its experience in asset management and capital deployment.

The company’s core activities span across principal real estate sectors, including office buildings, retail centers, multifamily residential communities, logistics warehouses and hospitality assets.