Stockland (OTCMKTS:STKAF) Sees Large Growth in Short Interest

Stockland (OTCMKTS:STKAF) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,433,800 shares, a growth of 41.5% from the February 28th total of 1,013,300 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 551.5 days.

Stockland Stock Performance

Shares of STKAF stock remained flat at $3.11 on Tuesday. The firm’s 50 day simple moving average is $3.09 and its 200-day simple moving average is $3.25. Stockland has a 1-year low of $2.68 and a 1-year high of $3.86.

About Stockland

We are a leading creator and curator of connected communities with people at the heart of the places we create. For more than 70 years, we have built a proud legacy, helping more Australians achieve the dream of home ownership, and enabling the future of work and retail. Today, we continue to build on our history as one of Australia's largest diversified property groups to elevate the social value of our places, and create a tangible sense of human connection, belonging and community for our customers.