Grand City Properties S.A. (OTCMKTS:GRNNF) Sees Large Decline in Short Interest

Grand City Properties S.A. (OTCMKTS:GRNNF) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 133,058 shares, a drop of 34.6% from the December 31st total of 203,318 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of Grand City Properties from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Grand City Properties Stock Performance

Shares of GRNNF stock opened at $11.55 on Friday. Grand City Properties has a 1 year low of $10.50 and a 1 year high of $13.01. The firm’s fifty day moving average price is $11.65 and its two-hundred day moving average price is $12.16.

Grand City Properties Company Profile

Grand City Properties SA is a Luxembourg?based real estate investment trust (REIT) specializing in residential property ownership and management across key European markets. The company focuses on acquiring, developing and operating mid?market rental apartment portfolios, with a primary emphasis on major German cities and selected urban centres in the United Kingdom. Its diversified residential holdings comprise freehold assets that generate stable rental income streams and offer potential for long-term value appreciation.

Since its inception in the mid-2000s, Grand City Properties has pursued a value-add strategy, targeting underperforming or outdated properties in high-growth regions.