Workspace Group Plc (OTCMKTS:WKPPF) Sees Large Growth in Short Interest

Workspace Group Plc (OTCMKTS:WKPPF) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 4,164 shares, an increase of 59.2% from the February 12th total of 2,615 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Workspace Group Stock Performance

Shares of Workspace Group stock opened at $5.70 on Friday. Workspace Group has a 1 year low of $4.75 and a 1 year high of $6.00. The firm’s 50-day simple moving average is $5.52 and its 200-day simple moving average is $5.58.

Wall Street Analysts Forecast Growth

Separately, Barclays restated an “overweight” rating on shares of Workspace Group in a report on Monday, December 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Workspace Group has an average rating of “Buy”.

Workspace Group Company Profile

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.