Brookfield Property Partners L.P. (NASDAQ:BPYPP) Sees Large Decline in Short Interest

Brookfield Property Partners L.P. (NASDAQ:BPYPP) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 7,700 shares, a drop of 34.2% from the August 31st total of 11,700 shares. Based on an average trading volume of 15,100 shares, the days-to-cover ratio is presently 0.5 days.

Brookfield Property Partners Price Performance

Shares of BPYPP traded up $0.48 during trading hours on Friday, reaching $17.32. 31,281 shares of the company’s stock traded hands, compared to its average volume of 22,796. The business’s fifty day simple moving average is $15.07 and its two-hundred day simple moving average is $14.80. Brookfield Property Partners has a twelve month low of $11.09 and a twelve month high of $17.38.

Brookfield Property Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd were paid a $0.4063 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date was Tuesday, September 3rd.

About Brookfield Property Partners

Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier real estate companies, with approximately $88 billion in total assets. We own and operate iconic properties in the world's major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, triple net lease, manufactured housing and student housing.