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

Lendlease Group (OTCMKTS:LLESY) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 54 shares, a decrease of 70.7% from the September 30th total of 184 shares. Based on an average daily trading volume, of 62 shares, the short-interest ratio is currently 0.9 days.

Lendlease Group Stock Performance

OTCMKTS:LLESY opened at $1.65 on Wednesday. The company’s 50 day moving average price is $1.97 and its 200-day moving average price is $2.37. Lendlease Group has a 52 week low of $1.65 and a 52 week high of $3.71.

Lendlease Group Company Profile

Lendlease Group is an Australian property and infrastructure company headquartered in Sydney. The group operates across property development, investment management and construction, with activities spanning residential, commercial, retail and mixed-use projects. Its work includes urban regeneration, master-planned communities, workplace developments and major public infrastructure.

Through its investment management operations, Lendlease manages property investment vehicles and portfolios on behalf of institutional and other investors.