Grand City Properties S.A. (OTCMKTS:GRNNF) Short Interest Update

Grand City Properties S.A. (OTCMKTS:GRNNF) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 165,770 shares, a growth of 51.7% from the November 30th total of 109,289 shares. Based on an average daily volume of 1,144 shares, the days-to-cover ratio is currently 144.9 days. Based on an average daily volume of 1,144 shares, the days-to-cover ratio is currently 144.9 days.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GRNNF shares. The Goldman Sachs Group lowered shares of Grand City Properties from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. Jefferies Financial Group upgraded Grand City Properties to a “buy” rating in a report on Sunday, September 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Grand City Properties Price Performance

Shares of OTCMKTS:GRNNF opened at $11.57 on Tuesday. Grand City Properties has a fifty-two week low of $10.50 and a fifty-two week high of $13.01. The company’s 50-day moving average is $12.20 and its 200 day moving average is $12.27.

About Grand City Properties

Grand City Properties SA is a Luxembourg‐based real estate investment trust (REIT) specializing in residential property ownership and management across key European markets. The company focuses on acquiring, developing and operating mid‐market rental apartment portfolios, with a primary emphasis on major German cities and selected urban centres in the United Kingdom. Its diversified residential holdings comprise freehold assets that generate stable rental income streams and offer potential for long-term value appreciation.

Since its inception in the mid-2000s, Grand City Properties has pursued a value-add strategy, targeting underperforming or outdated properties in high-growth regions.