Short Interest in Gafisa S.A. (OTCMKTS:GFASY) Rises By 128.6%

Gafisa S.A. (OTCMKTS:GFASY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,600 shares, an increase of 128.6% from the May 31st total of 700 shares. Based on an average daily trading volume, of 1,100 shares, the short-interest ratio is currently 1.5 days.

Gafisa Stock Performance

Gafisa stock opened at $1.29 on Friday. The firm has a 50-day moving average of $1.78 and a 200-day moving average of $3.03. Gafisa has a 1-year low of $1.29 and a 1-year high of $6.94.

Gafisa Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 16th were issued a $0.0112 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a yield of 0.37%.

Gafisa Company Profile

Gafisa SA operates as a development and construction company under the Gafisa brand name in Brazil. The company is involved in residential, commercial, and hotel projects. It also provides technical consultancy services, and real estate management and construction services to third parties. Gafisa SA was founded in 1954 and is headquartered in São Paulo, Brazil.