Chartwell Retirement Residences (OTCMKTS:CWSRF) Short Interest Update

Chartwell Retirement Residences (OTCMKTS:CWSRFGet Rating) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 690,100 shares, a drop of 9.2% from the November 30th total of 760,200 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is currently 492.9 days.

Chartwell Retirement Residences Stock Performance

CWSRF stock opened at $6.33 on Thursday. Chartwell Retirement Residences has a 52-week low of $5.68 and a 52-week high of $10.42. The stock’s 50 day moving average is $6.08 and its two-hundred day moving average is $7.31.

Wall Street Analyst Weigh In

CWSRF has been the topic of several analyst reports. National Bank Financial dropped their target price on Chartwell Retirement Residences from C$13.00 to C$11.00 in a report on Monday, October 24th. Royal Bank of Canada dropped their target price on Chartwell Retirement Residences from C$13.50 to C$12.00 in a report on Monday, November 14th. TD Securities dropped their target price on Chartwell Retirement Residences from C$11.50 to C$11.00 in a report on Monday, November 14th. Finally, Scotiabank dropped their target price on Chartwell Retirement Residences from C$12.50 to C$10.00 in a report on Tuesday, October 18th.

About Chartwell Retirement Residences

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Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces including properties under development.

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