CT Real Estate Investment Trust (OTCMKTS:CTRRF – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 347,400 shares, an increase of 7.6% from the August 15th total of 322,900 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 3,474.0 days.
CT Real Estate Investment Trust Stock Performance
OTCMKTS CTRRF remained flat at $10.49 on Tuesday. 4,572 shares of the company’s stock traded hands, compared to its average volume of 706. CT Real Estate Investment Trust has a twelve month low of $10.20 and a twelve month high of $12.51. The stock’s fifty day moving average price is $11.17 and its 200-day moving average price is $11.51.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CTRRF. National Bank Financial lowered their target price on shares of CT Real Estate Investment Trust from C$18.00 to C$17.00 in a research note on Tuesday, July 18th. Royal Bank of Canada lowered their target price on shares of CT Real Estate Investment Trust from C$18.00 to C$17.00 in a research note on Thursday, August 10th.
About CT Real Estate Investment Trust
CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.
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