Short Interest in Vicinity Centres (OTCMKTS:CNRAF) Drops By 41.1%

Vicinity Centres (OTCMKTS:CNRAF) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 514,157 shares, a drop of 41.1% from the April 15th total of 872,731 shares. Based on an average daily trading volume, of 17 shares, the short-interest ratio is presently 30,244.5 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Vicinity Centres to a “hold” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Vicinity Centres Stock Performance

OTCMKTS:CNRAF opened at $1.90 on Tuesday. Vicinity Centres has a fifty-two week low of $1.26 and a fifty-two week high of $1.90. The business’s 50-day simple moving average is $1.64 and its 200-day simple moving average is $1.50.

Vicinity Centres Company Profile

Vicinity Centres (OTCMKTS: CNRAF) is an Australian real estate investment trust focused on the ownership and management of retail shopping centres. The company’s core business revolves around creating vibrant regional and sub-regional retail destinations that cater to the daily needs and lifestyle aspirations of local communities. Its portfolio encompasses more than 60 shopping centres across major Australian metropolitan and regional markets, with assets valued in excess of AUD 20 billion.

The company delivers a full suite of services including property management, leasing, marketing, and centre development.