CT Real Estate Investment Trust (OTCMKTS:CTRRF) Sees Large Growth in Short Interest

by · The Cerbat Gem

CT Real Estate Investment Trust (OTCMKTS:CTRRF – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 810,841 shares, an increase of 123.0% from the August 15th total of 363,638 shares. Based on an average trading volume of 62,045 shares, the days-to-cover ratio is currently 13.1 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, August 19th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, CT Real Estate Investment Trust presently has an average rating of “Hold”.

Check Out Our Latest Research Report on CTRRF

CT Real Estate Investment Trust Stock Performance

Shares of OTCMKTS CTRRF opened at $12.12 on Monday. CT Real Estate Investment Trust has a 12-month low of $10.00 and a 12-month high of $13.88. The stock has a 50 day simple moving average of $12.92 and a 200-day simple moving average of $12.81.

CT Real Estate Investment Trust Company Profile

(Get Free Report)

CT Real Estate Investment Trust (OTCMKTS: CTRRF) is a Canadian real estate investment trust focused on owning, leasing and managing a diversified portfolio of predominantly retail and mixed-use properties across Canada. Established in 2013 as a spin-off from Canadian Tire Corporation, the Trust’s holdings include automotive service centres, flagship Canadian Tire and affiliated retail stores, distribution and logistics facilities, as well as properties leased to select third-party retailers.

The Trust employs a long-term, net‐lease strategy designed to generate stable and predictable rental income.

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