Unibail-Rodamco-Westfield SE (OTCMKTS:UNBLF) Sees Significant Drop in Short Interest

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Unibail-Rodamco-Westfield SE (OTCMKTS:UNBLF) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,218,600 shares, a drop of 47.3% from the December 15th total of 11,803,200 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 2,391.8 days.

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Unibail-Rodamco-Westfield in a report on Monday, November 23rd. They issued an “underweight” rating on the stock. The Goldman Sachs Group raised Unibail-Rodamco-Westfield from a “neutral” rating to a “buy” rating in a report on Thursday, December 10th. UBS Group reissued a “sell” rating on shares of Unibail-Rodamco-Westfield in a report on Thursday, October 22nd. Royal Bank of Canada restated an “outperform” rating on shares of Unibail-Rodamco-Westfield in a research note on Friday, November 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Unibail-Rodamco-Westfield in a research report on Monday, December 7th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Unibail-Rodamco-Westfield has an average rating of “Hold”.

Shares of UNBLF opened at $74.10 on Thursday. Unibail-Rodamco-Westfield has a 52 week low of $34.48 and a 52 week high of $147.00. The business has a 50-day simple moving average of $76.58 and a two-hundred day simple moving average of $56.17.

Unibail-Rodamco-Westfield Company Profile

Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship Destinations, with a portfolio valued at Â58.3 Bn as at September 30, 2020, of which 86% in retail, 7% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 89 shopping centres, including 55 Flagships in the most dynamic cities in Europe and the United States.

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