Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Sees Significant Growth in Short Interest

Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 28,969 shares, an increase of 107.4% from the July 15th total of 13,971 shares. Based on an average trading volume of 67 shares, the short-interest ratio is currently 432.4 days.

Morguard Real Estate Investment Trust Price Performance

Shares of Morguard Real Estate Investment Trust stock remained flat at $5.04 on Friday. Morguard Real Estate Investment Trust has a one year low of $5.04 and a one year high of $5.17. The firm has a 50-day moving average of $4.82 and a 200 day moving average of $4.74.

Institutional Trading of Morguard Real Estate Investment Trust

A hedge fund recently bought a new stake in Morguard Real Estate Investment Trust stock. Compass Financial Management LLC purchased a new stake in shares of Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,536 shares of the company’s stock, valued at approximately $2,586,000. Institutional investors own 56.60% of the company’s stock.

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.