Covivio (OTCMKTS:GSEFF) Short Interest Update

Covivio (OTCMKTS:GSEFF) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 98,470 shares, an increase of 3,564.7% from the August 31st total of 2,687 shares. Based on an average daily trading volume, of 24 shares, the days-to-cover ratio is currently 4,102.9 days.

Covivio Price Performance

Shares of OTCMKTS GSEFF opened at $55.85 on Friday. Covivio has a 1-year low of $55.85 and a 1-year high of $63.02. The business’s fifty day moving average price is $60.37 and its two-hundred day moving average price is $63.19.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Covivio from a “neutral” rating to a “buy” rating in a research report on Monday, September 7th. Citigroup upgraded Covivio from a “buy” rating to an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

About Covivio

Covivio is a European real estate investment company headquartered in Paris, France. Listed on Euronext Paris and organized as a French real estate investment trust, the company owns, develops and manages property assets across several major European markets.

Its main activities include office real estate, residential housing and hotels. Covivio provides office space in large business centers, operates a residential portfolio focused primarily on Germany and France, and owns hotel properties in partnership with established hospitality operators.