Short Interest in H&R Real Estate Investment Trust (OTCMKTS:HRUFF) Increases By 10.6%

H&R Real Estate Investment Trust (OTCMKTS:HRUFF) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 962,900 shares, a growth of 10.6% from the August 15th total of 870,500 shares. Based on an average daily trading volume, of 7,600 shares, the days-to-cover ratio is presently 126.7 days.

H&R Real Estate Investment Trust Stock Performance

Shares of OTCMKTS:HRUFF traded up $0.26 on Tuesday, reaching $7.71. 4,690 shares of the company were exchanged, compared to its average volume of 7,560. H&R Real Estate Investment Trust has a 1-year low of $7.25 and a 1-year high of $9.87. The company has a 50-day moving average of $7.70 and a 200-day moving average of $8.14.

Wall Street Analyst Weigh In

HRUFF has been the topic of several recent research reports. Royal Bank of Canada dropped their price objective on shares of H&R Real Estate Investment Trust from C$14.00 to C$13.00 in a research note on Monday, August 14th. Scotiabank dropped their price objective on shares of H&R Real Estate Investment Trust from C$14.25 to C$13.25 in a research note on Wednesday, August 16th. Finally, National Bank Financial dropped their price objective on shares of H&R Real Estate Investment Trust from C$12.00 to C$11.25 in a research note on Tuesday, July 18th.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $11.1 billion as at June 30, 2023. H&R REIT has ownership interests in a North American portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 27.7 million square feet.