Covivio (OTCMKTS:GSEFF) Shares Shorted: Short Interest Up 3,564.7% in September

by · The Markets Daily

Covivio (OTCMKTS:GSEFF – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 98,470 shares, an increase of 3,564.7% from the August 31st total of 2,687 shares. Based on an average trading volume of 24 shares, the days-to-cover ratio is presently 4,102.9 days.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GSEFF. The Goldman Sachs Group upgraded shares of Covivio from a “neutral” rating to a “buy” rating in a research report on Monday, September 7th. Citigroup upgraded Covivio from a “buy” rating to an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Read Our Latest Stock Report on Covivio

Covivio Stock Performance

GSEFF stock remained flat at $55.85 during trading on Thursday. The company has a 50 day moving average price of $60.52 and a 200 day moving average price of $63.26. Covivio has a 52-week low of $55.85 and a 52-week high of $63.02.

Covivio Company Profile

(Get Free Report)

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.

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