Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Sees Large Drop in Short Interest

Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 84,405 shares, a decrease of 17.1% from the February 26th total of 101,766 shares. Based on an average daily trading volume, of 680 shares, the short-interest ratio is currently 124.1 days.

Morguard Real Estate Investment Trust Stock Performance

Morguard Real Estate Investment Trust stock opened at $4.64 on Tuesday. Morguard Real Estate Investment Trust has a 52-week low of $3.83 and a 52-week high of $4.97. The company’s 50 day moving average is $4.74 and its two-hundred day moving average is $4.42.

About Morguard Real Estate Investment Trust

Morguard Real Estate Investment Trust is an open-ended, unincorporated real estate investment trust organized under Canadian law. It acquires, owns and manages a diversified portfolio of income-producing properties across major markets in Canada. The trust is sponsored and managed by Morguard Asset Management Limited, drawing on the broader Morguard organization’s expertise in property management, development and leasing services.

The trust’s portfolio encompasses four primary property types: retail, office, industrial and multi-residential.