Grand City Properties S.A. (OTCMKTS:GRNNF) Short Interest Up 51.7% in December

Grand City Properties S.A. (OTCMKTS:GRNNF) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 165,770 shares, a growth of 51.7% from the November 30th total of 109,289 shares. Based on an average daily volume of 1,144 shares, the days-to-cover ratio is currently 144.9 days. Based on an average daily volume of 1,144 shares, the days-to-cover ratio is currently 144.9 days.

Grand City Properties Stock Performance

GRNNF remained flat at $11.57 during trading hours on Monday. The business’s 50 day moving average is $12.22 and its two-hundred day moving average is $12.28. Grand City Properties has a 1-year low of $10.50 and a 1-year high of $13.01.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group downgraded Grand City Properties from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. Jefferies Financial Group upgraded shares of Grand City Properties to a “buy” rating in a report on Sunday, September 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Grand City Properties presently has an average rating of “Moderate Buy”.

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its inception in the mid-2000s, Grand City Properties has pursued a value-add strategy, targeting underperforming or outdated properties in high-growth regions.