Gafisa SA Sees Significant Increase in Short Interest (GFA)
Shares of Gafisa SA (NYSE:GFA) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 6,249,353 shares, an increase of 118.0% from the July 15th total of 2,866,811 shares, AnalystRatings.Net reports. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,063,022 shares, the days-to-cover ratio is presently 5.9 days.
Shares of Gafisa SA (NYSE:GFA) opened at 2.75 on Friday. Gafisa SA has a one year low of $2.27 and a one year high of $3.58. The stock has a 50-day moving average of $3.02 and a 200-day moving average of $2.99. The company has a market cap of $552.1 million and a P/E ratio of 1.51.
Gafisa SA (NYSE:GFA) is a diversified national homebuilder serving all demographic segments of the Brazilian market.
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