Nexus Industrial REIT (OTCMKTS:EFRTF) Sees Significant Increase in Short Interest

Nexus Industrial REIT (OTCMKTS:EFRTF) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,106,729 shares, a growth of 311.9% from the June 15th total of 268,709 shares. Based on an average daily volume of 177,059 shares, the days-to-cover ratio is currently 6.3 days.

Nexus Industrial REIT Stock Performance

EFRTF remained flat at $5.76 during midday trading on Friday. 4,111 shares of the company’s stock were exchanged, compared to its average volume of 61,096. Nexus Industrial REIT has a twelve month low of $5.13 and a twelve month high of $8.11. The company’s 50-day simple moving average is $5.83 and its 200-day simple moving average is $5.76.

Analyst Ratings Changes

Separately, Scotiabank reissued a “sector perform” rating on shares of Nexus Industrial REIT in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Nexus Industrial REIT Company Profile

Nexus Industrial REIT is an unincorporated, closed-end real estate investment trust that focuses on the acquisition, development and management of industrial properties across North America. Its portfolio comprises single-tenant and multi-tenant distribution centres, manufacturing facilities and flex-industrial assets that serve a broad range of sectors including e-commerce, third-party logistics, consumer goods and light manufacturing. Long-term, triple-net leases form the backbone of its cash flow, aligning tenant responsibilities with property operating expenses and maintenance.

Since its establishment in 2018 and subsequent public listing, Nexus Industrial REIT has expanded into key Canadian markets—Ontario, Quebec, British Columbia and Alberta—as well as select U.S.