Short Interest in Goodman Group (OTCMKTS:GMGSF) Drops By 88.4%

Goodman Group (OTCMKTS:GMGSF) was the recipient of a large decline in short interest in May. As of May 28th, there was short interest totalling 15,000 shares, a decline of 88.4% from the May 13th total of 129,100 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 150.0 days.

Separately, JPMorgan Chase & Co. raised shares of Goodman Group from a “neutral” rating to an “overweight” rating in a report on Monday, February 22nd.

GMGSF stock traded up $0.55 during midday trading on Friday, reaching $16.09. 1,679 shares of the stock were exchanged, compared to its average volume of 830. Goodman Group has a 52 week low of $9.94 and a 52 week high of $16.09. The firm has a fifty day moving average of $14.81.

Goodman Group Company Profile

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Continental Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally.

Further Reading: Limitations of analyzing profit margin

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