Gafisa S.A. (OTCMKTS:GFASY) Short Interest Up 128.6% in June

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

Gafisa Stock Performance

Shares of Gafisa stock opened at $1.29 on Friday. Gafisa has a 1-year low of $1.29 and a 1-year high of $6.94. The stock’s 50 day simple moving average is $1.78 and its 200-day simple moving average is $3.03.

Gafisa Cuts Dividend

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

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.