PSP Swiss Property AG (OTCMKTS:PSPSF) Short Interest Down 33.8% in August

PSP Swiss Property AG (OTCMKTS:PSPSF) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 3,446 shares, a decline of 33.8% from the July 30th total of 5,205 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

PSP Swiss Property Stock Performance

OTCMKTS PSPSF opened at $175.60 on Thursday. PSP Swiss Property has a 52 week low of $166.25 and a 52 week high of $220.00. The company has a 50 day moving average price of $180.47 and a 200 day moving average price of $190.88.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of PSP Swiss Property in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

PSP Swiss Property Company Profile

PSP Swiss Property AG is a real estate investment company focused on acquiring, developing and managing high-quality commercial and residential properties in Switzerland. The firm’s core business activities encompass property investment, asset management, leasing and value-enhancing redevelopment projects aimed at maintaining a balanced and diversified portfolio.

The company’s portfolio is weighted toward office, retail and residential spaces located in prime urban centers. Properties are typically concentrated in major Swiss cities such as Zurich, Geneva, Basel and Lausanne, where PSP Swiss Property seeks to attract long-term tenants through modern amenities, sustainable design features and proactive facility management.

PSP Swiss Property conducts its operations through an integrated platform that oversees acquisitions, financing and ongoing property services.