Primary Health Properties Plc (OTCMKTS:PHPRF) Sees Large Drop in Short Interest

Primary Health Properties Plc (OTCMKTS:PHPRF) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 130,888 shares, a decrease of 14.7% from the January 15th total of 153,468 shares. Based on an average daily trading volume, of 20 shares, the short-interest ratio is presently 6,544.4 days. Based on an average daily trading volume, of 20 shares, the short-interest ratio is presently 6,544.4 days.

Primary Health Properties Stock Performance

OTCMKTS PHPRF opened at C$1.45 on Wednesday. The stock’s 50 day simple moving average is C$1.33 and its 200 day simple moving average is C$1.28. Primary Health Properties has a one year low of C$1.20 and a one year high of C$1.45.

About Primary Health Properties

Primary Health Properties (OTCMKTS: PHPRF) is a real estate investment trust that specializes in the ownership and management of primary healthcare facilities. Established in 1995 and listed on the London Stock Exchange in 1996, the company focuses on providing modern, purpose-built medical real estate designed to support general practitioners, community health providers and related healthcare services. Its portfolio comprises predominantly single-tenanted or multi-tenanted primary care buildings leased under long-term agreements to tenants such as general practice partnerships, the National Health Service (NHS), and private sector healthcare operators.

The company’s core business activities include the acquisition, development and refurbishment of primary care facilities.