Brookfield Property Partners L.P. (NASDAQ:BPYPN) Sees Significant Increase in Short Interest

Brookfield Property Partners L.P. (NASDAQ:BPYPN) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 18,978 shares, an increase of 239.5% from the October 15th total of 5,590 shares. Based on an average daily volume of 13,907 shares, the days-to-cover ratio is presently 1.4 days.

Brookfield Property Partners Price Performance

BPYPN traded down $0.26 on Thursday, hitting $13.30. 24,510 shares of the company were exchanged, compared to its average volume of 20,444. The firm has a fifty day simple moving average of $13.45 and a two-hundred day simple moving average of $13.73. Brookfield Property Partners has a 12 month low of $12.99 and a 12 month high of $14.88.

About Brookfield Property Partners

Brookfield Property Partners LP is a real estate company focused on owning, developing and operating commercial properties. Its portfolio has included office buildings, retail centers, multifamily housing and other real estate assets, with operations across North America, Europe, Australia, Brazil and Asia. The partnership was formed in 2013 as a publicly traded real estate vehicle managed by Brookfield Asset Management. Brookfield acquired its publicly traded limited partnership units in 2021, and the partnership is now privately held; certain preferred units, including those associated with BPYPN, continue to trade publicly.