Lendlease Group (OTCMKTS:LLESY) Sees Significant Increase in Short Interest

Lendlease Group (OTCMKTS:LLESY) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 724 shares, a growth of 1,240.7% from the October 15th total of 54 shares. Based on an average daily volume of 481 shares, the short-interest ratio is currently 1.5 days.

Lendlease Group Stock Performance

Shares of LLESY stock remained flat at $1.61 during trading hours on Wednesday. 812 shares of the stock were exchanged, compared to its average volume of 846. The business has a fifty day moving average price of $1.87 and a two-hundred day moving average price of $2.28. Lendlease Group has a 12 month low of $1.59 and a 12 month high of $3.67.

Lendlease Group Company Profile

Lendlease Group is an Australian property and infrastructure company that develops, owns, manages and invests in real estate and urban communities. Its activities have included residential, retail, office, industrial and mixed-use developments, as well as investment management services for institutional and other investors. The company has also provided construction and infrastructure delivery services, supporting major building, civil engineering and urban regeneration projects. In recent years, Lendlease has been reshaping its portfolio and strategic focus, including plans to reduce or exit selected international construction and investment activities while concentrating more heavily on its core property operations.