Patrizia AG (OTCMKTS:PTZIF) Sees Significant Drop in Short Interest

Patrizia AG (OTCMKTS:PTZIFGet Rating) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 23,400 shares, a drop of 28.7% from the March 15th total of 32,800 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

PTZIF remained flat at $$26.65 during midday trading on Tuesday. The business’s fifty day simple moving average is $26.65 and its 200 day simple moving average is $26.51. Patrizia has a 52-week low of $26.65 and a 52-week high of $26.65.

Separately, Deutsche Bank Aktiengesellschaft cut their price target on Patrizia from €35.00 ($37.63) to €30.00 ($32.26) and set a “buy” rating for the company in a report on Monday, March 14th.

About Patrizia (Get Rating)

PATRIZIA AG has been active as an investment manager in the real estate market across Europe for more than 35 years. PATRIZIA's activities include the acquisition, management, repositioning and disposal of residential and commercial real estate through its best-in-class local network in all key markets.

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