PSP Swiss Property AG (OTCMKTS:PSPSF) Stock Short Interest Report for September

PSP Swiss Property AG (OTCMKTS:PSPSF) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 34,297 shares, an increase of 81.1% from the September 15th total of 18,937 shares. Based on an average trading volume of 24 shares, the days-to-cover ratio is currently 1,429.0 days.

PSP Swiss Property Stock Performance

PSPSF opened at $167.36 on Thursday. The stock has a fifty day simple moving average of $176.75 and a two-hundred day simple moving average of $184.82. PSP Swiss Property has a 12-month low of $166.25 and a 12-month high of $220.00.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “underweight” rating on shares of PSP Swiss Property in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

PSP Swiss Property Company Profile

PSP Swiss Property AG is a Swiss real estate company that owns, manages and develops a portfolio of high-quality commercial properties. Its activities are focused primarily on office buildings, with additional retail, hotel and other commercial space in selected properties.

The company concentrates on properties in economically important Swiss locations, including major business centers such as Zurich, Geneva, Basel, Bern and Lausanne. Its operations include property management, leasing, maintenance, redevelopment and the selective development of real estate assets.

PSP Swiss Property was established in 1999 and has built its business around long-term ownership of well-located properties in Switzerland.