Covivio (OTCMKTS:GSEFF) Sees Large Increase in Short Interest

Covivio (OTCMKTS:GSEFF) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 98,470 shares, a growth of 3,564.7% from the August 31st total of 2,687 shares. Based on an average daily volume of 24 shares, the short-interest ratio is presently 4,102.9 days.

Covivio Stock Performance

Shares of GSEFF remained flat at $55.85 during trading hours on Thursday. Covivio has a 1-year low of $55.85 and a 1-year high of $63.02. The firm has a 50 day simple moving average of $60.52 and a 200 day simple moving average of $63.26.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised Covivio from a “neutral” rating to a “buy” rating in a research note on Monday, September 7th. Citigroup upgraded shares of Covivio from a “buy” rating to an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Covivio has a consensus rating of “Buy”.

Covivio Company Profile

Covivio is a European real estate investment company headquartered in Paris, France. Listed on Euronext Paris and organized as a French real estate investment trust, the company owns, develops and manages property assets across several major European markets.

Its main activities include office real estate, residential housing and hotels. Covivio provides office space in large business centers, operates a residential portfolio focused primarily on Germany and France, and owns hotel properties in partnership with established hospitality operators.