Is Buying Gazit Globe Limited (NYSE:GZT), Having Lower Short Interest a Winning Strategy?

January 20, 2018 - By Adrian Mccoy

 Is Buying Gazit Globe Limited (NYSE:GZT), Having Lower Short Interest a Winning Strategy?

The stock of Gazit Globe Limited (NYSE:GZT) registered a decrease of 48.39% in short interest. GZT’s total short interest was 1,600 shares in January as published by FINRA. Its down 48.39% from 3,100 shares, reported previously. With 7,800 shares average volume, it will take short sellers 0 days to cover their GZT’s short positions.

The stock increased 3.00% or $0.31 during the last trading session, reaching $10.66. About 7,039 shares traded. Gazit Globe Ltd (NYSE:GZT) has risen 8.27% since January 20, 2017 and is uptrending. It has underperformed by 8.43% the S&P500.

Gazit-Globe Ltd., through its subsidiaries, acquires, owns, develops, operates, and manages supermarket-anchored shopping centers in North America, Europe, and internationally. The company has market cap of $1.90 billion. As of December 31, 2016, the firm owned and operated 426 properties with a gross leasable area of approximately 6.6 million square meters in approximately 20 countries. It has a 14.37 P/E ratio.

Gazit Globe Ltd (NYSE:GZT) Ratings Coverage

Among 3 analysts covering Gazit Globe (NYSE:GZT), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Gazit Globe had 3 analyst reports since September 3, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Thursday, September 3 by TheStreet. The stock of Gazit Globe Ltd (NYSE:GZT) earned “Buy” rating by TD Securities on Friday, May 26. Chardan Capital Markets initiated the shares of GZT in report on Thursday, September 3 with “Buy” rating.

More notable recent Gazit Globe Ltd (NYSE:GZT) news were published by: Globenewswire.com which released: “Gazit-Globe Launches US Investment Subsidiary Gazit Horizons” on May 03, 2017, also Globes.Co.Il with their article: “Gazit-Globe to build 3 Tel Aviv high-rises” published on January 25, 2017, Marketwired.com published: “Gazit-Globe Announces Sale of Common Shares of First Capital Realty Inc.” on March 22, 2017. More interesting news about Gazit Globe Ltd (NYSE:GZT) were released by: Therealdeal.com and their article: “Gazit-Globe’s new US subsidiary hopes to feast on the wounded retail sector” published on May 08, 2017 as well as Nasdaq.com‘s news article titled: “Gazit-Globe Ltd. (GZT) Ex-Dividend Date Scheduled for June 16, 2017” with publication date: June 15, 2017.

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