Gafisa S.A. (OTCMKTS:GFASY) Short Interest Update

Gafisa S.A. (OTCMKTS:GFASY) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, a growth of 800.0% from the February 29th total of 100 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 2.3 days.

Gafisa Stock Performance

Shares of Gafisa stock opened at $2.85 on Thursday. Gafisa has a 52-week low of $1.45 and a 52-week high of $6.94. The company’s 50-day simple moving average is $3.94 and its 200-day simple moving average is $2.97.

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.