Grand City Properties S.A. (OTCMKTS:GRNNF) Sees Large Drop in Short Interest

Grand City Properties S.A. (OTCMKTS:GRNNF) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 1,650 shares, a decline of 98.8% from the January 15th total of 133,058 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.

Grand City Properties Trading Down 0.4%

Shares of GRNNF opened at $11.50 on Wednesday. The company has a 50-day moving average of $11.59 and a two-hundred day moving average of $12.11. Grand City Properties has a one year low of $10.50 and a one year high of $13.01.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of Grand City Properties from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Grand City Properties presently has an average rating of “Moderate Buy”.

About Grand City Properties

Grand City Properties SA is a Luxembourg‐based real estate investment trust (REIT) specializing in residential property ownership and management across key European markets. The company focuses on acquiring, developing and operating mid‐market rental apartment portfolios, with a primary emphasis on major German cities and selected urban centres in the United Kingdom. Its diversified residential holdings comprise freehold assets that generate stable rental income streams and offer potential for long-term value appreciation.

Since its inception in the mid-2000s, Grand City Properties has pursued a value-add strategy, targeting underperforming or outdated properties in high-growth regions.