Shaftesbury Capital PLC (OTCMKTS:CCPPF) Shares Shorted: Short Interest Down 88.5% in October

Shaftesbury Capital PLC (OTCMKTS:CCPPF) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 31,293 shares, a decline of 88.5% from the September 30th total of 272,270 shares. Based on an average trading volume of 1,029 shares, the short-interest ratio is presently 30.4 days.

Shaftesbury Capital Price Performance

CCPPF stock remained flat at $1.92 during midday trading on Monday. 567 shares of the company’s stock were exchanged, compared to its average volume of 2,056. The firm has a 50 day moving average price of $1.81 and a 200-day moving average price of $1.80. Shaftesbury Capital has a 1-year low of $1.71 and a 1-year high of $1.92.

Analysts Set New Price Targets

CCPPF has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Shaftesbury Capital in a report on Wednesday, October 14th. Kepler Capital Markets upgraded shares of Shaftesbury Capital from a “reduce” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, Morgan Stanley upgraded shares of Shaftesbury Capital from a “market perform” rating to an “overweight” rating in a research note on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

About Shaftesbury Capital

Shaftesbury Capital plc is a London-focused real estate investment company that owns, manages and develops mixed-use properties in some of the capital’s most prominent West End locations. Its portfolio includes retail, food and beverage, leisure, office and residential space.

The company’s assets are concentrated in destinations such as Covent Garden, Soho, Chinatown, Carnaby, Seven Dials and Fitzrovia. Shaftesbury Capital works with occupiers and local stakeholders to curate high-quality districts that combine shops, restaurants, entertainment venues, workplaces and homes.

The company was formed in 2023 through the merger of Shaftesbury plc and Capital & Counties Properties plc.