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

Lendlease Group (OTCMKTS:LLESY) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 45 shares, a decline of 91.5% from the June 15th total of 527 shares. Based on an average daily trading volume, of 638 shares, the short-interest ratio is currently 0.1 days.

Lendlease Group Stock Performance

Shares of Lendlease Group stock remained flat at $2.25 on Friday. The stock had a trading volume of 774 shares, compared to its average volume of 938. The firm’s 50-day simple moving average is $2.10 and its 200-day simple moving average is $2.65. Lendlease Group has a 12-month low of $1.78 and a 12-month high of $3.79.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Lendlease Group to a “hold” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

About Lendlease Group

Lendlease Group is a multinational property and infrastructure company headquartered in Sydney, Australia. The firm specializes in end-to-end capabilities spanning development, construction, project management, investment, and asset and property management. Its offerings cover residential, commercial, retail, logistics, and social infrastructure sectors, with a focus on sustainable and integrated urban regeneration.

Founded in 1958 by Dutch-born engineer Dick Dusseldorp, Lendlease has grown from its origins in Australian housing development to become a global player.