Paramount Group (PGRE) Shares Soar 2.29% on Positive Report

Paramount Group (PGRE) shares surged 2.29% today, marking the third consecutive day of gains, with a cumulative increase of 9.08% over the past three days. The stock price reached its highest level since February 2023, with an intraday gain of 2.45%.

Over the past five years, the strategy of buying PGRE shares after they reached a recent high and holding for one week delivered moderate returns. The strategy achieved a compound annual growth rate (CAGR) of 18.94% and an excess return of 1.59% compared to the benchmark, with a Sharpe ratio of 0.51 indicating a reasonable risk-adjusted return. However, the strategy also experienced a maximum drawdown of -26.64% and a volatility of 36.95%, highlighting the importance of risk management in such a volatile scenario.

On May 20, 2025, Evercore ISI issued a positive report on Paramount Group (PGRE), upgrading its status as the company explores various strategic alternatives. This upgrade is likely to have a positive impact on the stock price, reflecting investor confidence in the company's future prospects.

Additionally, as of May 15, 2025, there was a reported 6.50% change in short interest for Paramount Group. This shift in short interest could influence investor sentiment and contribute to the recent volatility in the stock price. The increase in short interest may indicate that some investors are betting against the company, while others see potential for growth and are taking positions accordingly.