Region Group (OTCMKTS:SCPAF) Sees Significant Growth in Short Interest

Region Group (OTCMKTS:SCPAF) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 185,253 shares, an increase of 169.5% from the June 30th total of 68,728 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Region Group Price Performance

SCPAF stock remained flat at $1.55 during trading hours on Monday. Region Group has a 52 week low of $1.40 and a 52 week high of $1.85. The business has a fifty day moving average of $1.55 and a two-hundred day moving average of $1.48.

Region Group Company Profile

Region Group (RGN) includes two internally managed real estate investment trusts owning a portfolio of convenience-based retail properties located across Australia. Region invests in retail properties predominantly anchored by non-discretionary retailers, with long leases to tenants such as Woolworths Limited, Coles Limited and companies in the Wesfarmers Limited group. Region Group comprises two registered managed investment schemes, Region Management Trust (ARSN 160 612 626) and Region Retail Trust (ARSN 160 612 788).