Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Sees Significant Increase in Short Interest

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 385 shares, an increase of 237.7% from the April 30th total of 114 shares. Based on an average daily volume of 5,398 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, TD Securities reissued a “buy” rating and issued a $25.00 target price on shares of Flagship Communities Real Estate Investment Trust in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $24.50.

Flagship Communities Real Estate Investment Trust Stock Performance

OTCMKTS:MHCUF remained flat at $19.50 during mid-day trading on Friday. The company’s stock had a trading volume of 300 shares, compared to its average volume of 1,872. Flagship Communities Real Estate Investment Trust has a fifty-two week low of $16.88 and a fifty-two week high of $20.96. The firm’s 50-day simple moving average is $19.31 and its two-hundred day simple moving average is $19.29.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.

Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.