Short Interest in Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Decreases By 62.2%

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUFGet Free Report) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 346 shares, a decline of 62.2% from the February 12th total of 916 shares. Based on an average daily trading volume, of 721 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 721 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Securities reaffirmed a “buy” rating on shares of Flagship Communities Real Estate Investment Trust in a research report on Friday, November 14th. Scotiabank reissued an “outperform” rating and set a $24.00 price target on shares of Flagship Communities Real Estate Investment Trust in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Flagship Communities Real Estate Investment Trust presently has an average rating of “Buy” and an average price target of $24.00.

Read Our Latest Report on Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust Price Performance

OTCMKTS MHCUF opened at $19.50 on Wednesday. The firm’s fifty day moving average price is $19.91 and its two-hundred day moving average price is $19.08. Flagship Communities Real Estate Investment Trust has a 1 year low of $15.04 and a 1 year high of $20.96.

About Flagship Communities Real Estate Investment Trust

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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.

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