Shaftesbury Capital PLC (OTCMKTS:CCPPF) Shares Shorted: Short Interest Down 88.5% in October

by · The Markets Daily

Shaftesbury Capital PLC (OTCMKTS:CCPPF – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 31,293 shares, a decline of 88.5% from the September 30th total of 272,270 shares. Based on an average daily volume of 1,029 shares, the short-interest ratio is currently 30.4 days.

Analyst Upgrades and Downgrades

CCPPF has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Shaftesbury Capital in a research report on Wednesday, October 14th. Morgan Stanley upgraded shares of Shaftesbury Capital from a “market perform” rating to an “overweight” rating in a report on Tuesday, September 1st. Finally, Kepler Capital Markets raised shares of Shaftesbury Capital from a “reduce” rating to a “hold” rating in a research report on Tuesday, September 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on Shaftesbury Capital

Shaftesbury Capital Stock Performance

Shaftesbury Capital stock remained flat at $1.92 during trading on Monday. The company had a trading volume of 567 shares, compared to its average volume of 2,056. Shaftesbury Capital has a fifty-two week low of $1.71 and a fifty-two week high of $1.92. The company’s 50-day moving average price is $1.81 and its 200 day moving average price is $1.80.

About Shaftesbury Capital

(Get Free Report)

Shaftesbury Capital plc is a London-focused real estate investment company that owns, manages and develops mixed-use properties in some of the capital’s most prominent West End locations. Its portfolio includes retail, food and beverage, leisure, office and residential space.

The company’s assets are concentrated in destinations such as Covent Garden, Soho, Chinatown, Carnaby, Seven Dials and Fitzrovia. Shaftesbury Capital works with occupiers and local stakeholders to curate high-quality districts that combine shops, restaurants, entertainment venues, workplaces and homes.

The company was formed in 2023 through the merger of Shaftesbury plc and Capital & Counties Properties plc.

See Also