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

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 3,870 shares, a growth of 14,784.6% from the May 31st total of 26 shares. Based on an average daily trading volume, of 10,047 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

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

Flagship Communities Real Estate Investment Trust Stock Performance

OTCMKTS MHCUF opened at $20.59 on Friday. The company has a 50 day moving average price of $19.66 and a 200 day moving average price of $19.58. Flagship Communities Real Estate Investment Trust has a 52 week low of $17.43 and a 52 week high of $20.96.

About Flagship Communities Real Estate Investment Trust

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.