Vicinity Centres (OTCMKTS:CNRAF – Get Free Report) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 514,157 shares, a decrease of 41.1% from the April 15th total of 872,731 shares. Based on an average daily volume of 17 shares, the days-to-cover ratio is currently 30,244.5 days.
Vicinity Centres Price Performance
OTCMKTS:CNRAF opened at $1.90 on Friday. The stock has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $1.50. Vicinity Centres has a 1 year low of $1.26 and a 1 year high of $1.90.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group upgraded Vicinity Centres to a “hold” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.
Vicinity Centres Company Profile
Vicinity Centres (OTCMKTS: CNRAF) is an Australian real estate investment trust focused on the ownership and management of retail shopping centres. The company’s core business revolves around creating vibrant regional and sub-regional retail destinations that cater to the daily needs and lifestyle aspirations of local communities. Its portfolio encompasses more than 60 shopping centres across major Australian metropolitan and regional markets, with assets valued in excess of AUD 20 billion.
The company delivers a full suite of services including property management, leasing, marketing, and centre development.
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