Stockland (OTCMKTS:STKAF) Sees Large Increase in Short Interest

Stockland (OTCMKTS:STKAF) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 1,013,300 shares, an increase of 152.1% from the February 13th total of 402,000 shares. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is presently 298.0 days.

Stockland Price Performance

Shares of OTCMKTS:STKAF opened at $3.08 on Thursday. Stockland has a one year low of $2.68 and a one year high of $3.86. The company’s fifty day moving average price is $3.09 and its 200-day moving average price is $3.27.

Stockland Company Profile

We are a leading creator and curator of connected communities with people at the heart of the places we create. For more than 70 years, we have built a proud legacy, helping more Australians achieve the dream of home ownership, and enabling the future of work and retail. Today, we continue to build on our history as one of Australia's largest diversified property groups to elevate the social value of our places, and create a tangible sense of human connection, belonging and community for our customers.