Workspace Group Plc (OTCMKTS:WKPPF) Sees Significant Drop in Short Interest

Workspace Group Plc (OTCMKTS:WKPPF) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 2,266 shares, a drop of 91.8% from the November 30th total of 27,552 shares. Based on an average trading volume of 36 shares, the days-to-cover ratio is presently 62.9 days. Based on an average trading volume of 36 shares, the days-to-cover ratio is presently 62.9 days.

Workspace Group Stock Performance

Shares of OTCMKTS:WKPPF remained flat at $4.75 during trading on Wednesday. The company’s 50-day moving average price is $5.61 and its 200 day moving average price is $5.73. Workspace Group has a one year low of $4.75 and a one year high of $5.80.

Analyst Ratings Changes

Separately, Barclays restated an “overweight” rating on shares of Workspace Group in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

About Workspace Group

Workspace Group plc is a London-based real estate investment trust (REIT) that specializes in providing flexible workspace solutions for small and medium-sized enterprises. The company acquires, develops and manages a diversified portfolio of office suites, studios and industrial workshops designed to support the operational needs of its clients. Its properties range from modern business centres to converted historic buildings, all tailored to foster creativity, collaboration and growth.

The group’s portfolio spans over five million square feet across more than 50 locations in Greater London.