Vicinity Centres (OTCMKTS:CNRAF) Sees Significant Growth in Short Interest

Vicinity Centres (OTCMKTS:CNRAF) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 5,450,000 shares, an increase of 46.9% from the February 28th total of 3,709,200 shares. Based on an average daily trading volume, of 5,100 shares, the short-interest ratio is presently 1,068.6 days.

Vicinity Centres Stock Performance

Shares of Vicinity Centres stock remained flat at $1.10 on Friday. 63,398 shares of the stock traded hands, compared to its average volume of 13,675. Vicinity Centres has a 12-month low of $0.89 and a 12-month high of $1.36. The company’s 50-day simple moving average is $1.01 and its 200-day simple moving average is $1.16.

Vicinity Centres Company Profile

Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups with a fully integrated asset management platform, and $24 billion in retail assets under management across 60 shopping centres, making it the second largest listed manager of Australian retail property.