Stockland (OTCMKTS:STKAF) Short Interest Down 29.7% in October

Stockland (OTCMKTS:STKAF) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 662,200 shares, a drop of 29.7% from the September 30th total of 942,100 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is presently 124.9 days.

Stockland Stock Performance

STKAF remained flat at $3.50 during trading on Friday. 44,744 shares of the company’s stock traded hands, compared to its average volume of 4,060. Stockland has a 1 year low of $2.14 and a 1 year high of $3.86. The firm’s fifty day moving average price is $3.44 and its 200 day moving average price is $3.16.

Stockland Company Profile

We are a leading creator and curator of connected communities with people at the heart of the places we create. For more than 70 years, we have built a proud legacy, helping more Australians achieve the dream of home ownership, and enabling the future of work and retail. Today, we continue to build on our history as one of Australia's largest diversified property groups to elevate the social value of our places, and create a tangible sense of human connection, belonging and community for our customers.