PSP Swiss Property AG (OTCMKTS:PSPSF) Stock Short Interest Report for September

PSP Swiss Property AG (OTCMKTS:PSPSF) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 34,297 shares, an increase of 81.1% from the September 15th total of 18,937 shares. Based on an average daily volume of 24 shares, the days-to-cover ratio is currently 1,429.0 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of PSP Swiss Property in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PSP Swiss Property currently has a consensus rating of “Hold”.

PSP Swiss Property Price Performance

Shares of PSPSF stock remained flat at $167.36 during trading hours on Friday. The stock’s 50-day moving average is $176.48 and its 200 day moving average is $184.61. PSP Swiss Property has a 52 week low of $166.25 and a 52 week high of $220.00.

About PSP Swiss Property

PSP Swiss Property AG is a Swiss real estate company that owns, manages and develops a portfolio of high-quality commercial properties. Its activities are focused primarily on office buildings, with additional retail, hotel and other commercial space in selected properties.

The company concentrates on properties in economically important Swiss locations, including major business centers such as Zurich, Geneva, Basel, Bern and Lausanne. Its operations include property management, leasing, maintenance, redevelopment and the selective development of real estate assets.

PSP Swiss Property was established in 1999 and has built its business around long-term ownership of well-located properties in Switzerland.