RELATIVELY HIGH SHORT INTEREST RATIO DETECTED IN SHARES OF GRUBB & ELLIS IN THE REAL ESTATE SERVICES INDUSTRY (GBE, EJ, CBG)Print Share Nov 17, 2011 (Fast Lane via COMTEX) -- Below are the three companies in the Real Estate Services industry with the highest short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Grubb & Ellis (NYSE:GBE - Snapshot Report), E-House China (NYSE:EJ - Snapshot Report), and CB Richard Ellis Group (NYSE:CBG - Analyst Report) are the three companies in the Real Estate Services industry with the highest short interest ratio. Grubb & Ellis has a short interest ratio of 13.35 based on average daily volume of 120,000 shares and 1.6 million shares short. That equates to 2.3% of the 69.8 million shares outstanding. Grubb & Ellis Company is a commercial real estate services firm. The Company provides transaction services, management services, financial services, and strategic services to clients worldwide. Grubb's management services operate through its Grubb & Ellis Management Services, Inc. subsidiary. Following Grubb & Ellis is E-House China with a short interest ratio of 4.42 based on average daily volume of 380,000 shares.
Finishing up the top three is CB Richard Ellis Group with a short interest ratio of 2.38 based on average daily volume of 6.0 million shares.
