CT Real Estate Investment Trust (OTCMKTS:CTRRF) Short Interest Down 14.6% in January

CT Real Estate Investment Trust (OTCMKTS:CTRRFGet Free Report) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 487,767 shares, a decline of 14.6% from the December 31st total of 571,055 shares. Based on an average daily trading volume, of 14,105 shares, the short-interest ratio is currently 34.6 days. Based on an average daily trading volume, of 14,105 shares, the short-interest ratio is currently 34.6 days.

CT Real Estate Investment Trust Stock Performance

Shares of CTRRF opened at $12.09 on Thursday. The firm has a 50 day simple moving average of $11.86 and a two-hundred day simple moving average of $11.77. CT Real Estate Investment Trust has a one year low of $9.55 and a one year high of $12.21.

Analysts Set New Price Targets

A number of equities analysts have commented on CTRRF shares. CIBC restated a “neutral” rating on shares of CT Real Estate Investment Trust in a research note on Wednesday, November 5th. BMO Capital Markets reissued a “market perform” rating on shares of CT Real Estate Investment Trust in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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CT Real Estate Investment Trust Company Profile

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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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