Lendlease Group (OTCMKTS:LLESY) Sees Significant Decline in Short Interest

Lendlease Group (OTCMKTS:LLESY) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 252 shares, a drop of 64.6% from the April 30th total of 712 shares. Based on an average daily trading volume, of 3,254 shares, the days-to-cover ratio is currently 0.1 days.

Lendlease Group Price Performance

Shares of LLESY stock traded down $0.03 during trading hours on Friday, hitting $2.08. 444 shares of the company’s stock traded hands, compared to its average volume of 1,063. The stock’s fifty day simple moving average is $2.32 and its two-hundred day simple moving average is $2.94. Lendlease Group has a 12-month low of $2.00 and a 12-month high of $3.79.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Lendlease Group to a “hold” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Lendlease Group has a consensus rating of “Hold”.

Lendlease Group Company Profile

Lendlease Group is a multinational property and infrastructure company headquartered in Sydney, Australia. The firm specializes in end-to-end capabilities spanning development, construction, project management, investment, and asset and property management. Its offerings cover residential, commercial, retail, logistics, and social infrastructure sectors, with a focus on sustainable and integrated urban regeneration.

Founded in 1958 by Dutch-born engineer Dick Dusseldorp, Lendlease has grown from its origins in Australian housing development to become a global player.