Short Interest in Lendlease Group (OTCMKTS:LLESY) Declines By 97.8%

Lendlease Group (OTCMKTS:LLESY) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 1 shares, a decline of 97.8% from the June 30th total of 45 shares. Based on an average daily volume of 590 shares, the days-to-cover ratio is currently 0.0 days.

Lendlease Group Trading Down 8.9%

Shares of OTCMKTS:LLESY traded down $0.19 during midday trading on Friday, hitting $1.94. 165 shares of the company’s stock were exchanged, compared to its average volume of 903. Lendlease Group has a 12 month low of $1.78 and a 12 month high of $3.79. The stock has a 50 day moving average price of $2.07 and a 200-day moving average price of $2.58.

Analysts Set New Price Targets

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

Lendlease Group Company Profile

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.