Short Interest in CT Real Estate Investment Trust (OTCMKTS:CTRRF) Increases By 123.0%

CT Real Estate Investment Trust (OTCMKTS:CTRRF) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 810,841 shares, an increase of 123.0% from the August 15th total of 363,638 shares. Based on an average daily trading volume, of 62,045 shares, the days-to-cover ratio is presently 13.1 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, August 19th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, CT Real Estate Investment Trust has an average rating of “Hold”.

CT Real Estate Investment Trust Stock Performance

CT Real Estate Investment Trust stock opened at $12.12 on Tuesday. CT Real Estate Investment Trust has a 1 year low of $10.00 and a 1 year high of $13.88. The company’s 50-day moving average is $12.89 and its two-hundred day moving average is $12.81.

CT Real Estate Investment Trust Company Profile

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.