Short Interest in Gafisa SA (OTCMKTS:GFASY) Drops By 80.5%

Gafisa SA (OTCMKTS:GFASY) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 267 shares, a decline of 80.5% from the July 30th total of 1,371 shares. Based on an average daily trading volume, of 6,452 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Gafisa Price Performance

GFASY stock remained flat at $0.03 during mid-day trading on Friday. 2,000 shares of the company’s stock traded hands, compared to its average volume of 3,920. The stock’s fifty day moving average is $0.19 and its two-hundred day moving average is $0.19. Gafisa has a 52 week low of $0.01 and a 52 week high of $0.57.

About Gafisa

Gafisa SA is a Brazil-based real estate development company founded in 1954 and headquartered in São Paulo. The company is principally engaged in the development, construction and sale of residential properties. It operates across multiple stages of the real estate value chain, including land acquisition, project design, construction management, sales and marketing, and post-sales customer service.

Gafisa’s core offerings focus on medium- and high-income residential segments, with a portfolio that includes mid-rise and high-rise apartment complexes, condominiums and mixed-use developments.