Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 7,100 shares, a decline of 17.4% from the August 15th total of 8,600 shares. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.7% of the company’s stock are short sold.
Medalist Diversified REIT Stock Up 2.7 %
Shares of Medalist Diversified REIT stock opened at $5.38 on Friday. The firm has a market cap of $11.94 million, a price-to-earnings ratio of -3.07 and a beta of 0.86. The company has a debt-to-equity ratio of 3.75, a current ratio of 2.93 and a quick ratio of 2.93. Medalist Diversified REIT has a 52-week low of $4.68 and a 52-week high of $9.22. The stock has a 50-day simple moving average of $5.44 and a 200-day simple moving average of $5.72.
Insider Buying and Selling at Medalist Diversified REIT
In other Medalist Diversified REIT news, CEO Frank Kavanaugh bought 2,717 shares of the stock in a transaction on Wednesday, September 6th. The shares were bought at an average price of $22.99 per share, with a total value of $62,463.83. Following the purchase, the chief executive officer now directly owns 42,500 shares in the company, valued at approximately $977,075. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 46,408 shares of company stock valued at $751,423 in the last 90 days. 16.92% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Medalist Diversified REIT
About Medalist Diversified REIT
Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns.
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