CTP (OTCMKTS:CTPVF) Sees Large Decrease in Short Interest

CTP (OTCMKTS:CTPVF) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 386,237 shares, a decrease of 44.0% from the July 30th total of 689,166 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ? days.

CTP Price Performance

CTPVF stock opened at C$16.32 on Tuesday. CTP has a 12 month low of C$16.32 and a 12 month high of C$22.85. The firm has a 50 day simple moving average of C$16.33 and a 200 day simple moving average of C$17.62.

Analysts Set New Price Targets

A number of research firms recently issued reports on CTPVF. Barclays restated an “overweight” rating on shares of CTP in a research report on Monday, August 24th. Sanford C. Bernstein downgraded shares of CTP to a “market perform” rating in a report on Friday, August 7th. Finally, BNP Paribas Exane assumed coverage on shares of CTP in a report on Wednesday, July 1st. They set an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, CTP currently has an average rating of “Moderate Buy”.

CTP Company Profile

CTP N.V., trading under OTCMKTS:CTPVF, is a leading developer and manager of logistics and industrial real estate in Central and Eastern Europe. Headquartered in Luxembourg and founded in 2010, the company focuses on providing modern build-to-suit and speculative warehouses and distribution centers for a diverse range of tenants in sectors such as e-commerce, retail, automotive, and manufacturing.

CTP’s portfolio extends across seven key countries—Czech Republic, Romania, Hungary, Slovakia, Poland, Serbia, and Bulgaria—where it manages site selection, construction, leasing, and facility operations.