Chartwell Retirement Residences (OTCMKTS:CWSRF – Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 860,000 shares, a drop of 9.3% from the March 15th total of 948,300 shares. Based on an average trading volume of 7,800 shares, the days-to-cover ratio is currently 110.3 days.
Chartwell Retirement Residences Price Performance
OTCMKTS:CWSRF traded down $0.30 during mid-day trading on Tuesday, reaching $9.20. The stock had a trading volume of 240 shares, compared to its average volume of 9,595. The business has a 50 day simple moving average of $9.06 and a 200 day simple moving average of $8.48. Chartwell Retirement Residences has a twelve month low of $6.27 and a twelve month high of $9.50.
Analyst Upgrades and Downgrades
Separately, Desjardins initiated coverage on Chartwell Retirement Residences in a report on Thursday, April 11th. They issued a “buy” rating and a $15.00 target price on the stock.
About Chartwell Retirement Residences
Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.
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