SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Update

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 494,683 shares, an increase of 106.5% from the June 30th total of 239,521 shares. Based on an average daily volume of 17,217 shares, the days-to-cover ratio is presently 28.7 days. Currently, 0.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

CWYUF has been the topic of several research reports. Zacks Research cut shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Colliers Securities upgraded shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research report on Thursday, April 16th. Finally, TD Securities raised shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

SmartCentres Real Estate Investment Trust Trading Down 0.4%

Shares of OTCMKTS CWYUF opened at $21.20 on Friday. SmartCentres Real Estate Investment Trust has a 1-year low of $17.28 and a 1-year high of $22.55. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.28 and a quick ratio of 0.28. The business’s 50 day moving average is $21.24 and its two-hundred day moving average is $20.47. The stock has a market capitalization of $3.78 billion, a P/E ratio of 11.91 and a beta of 0.84.

About SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust is a Canada-based real estate investment trust specializing in the ownership, development and management of retail-focused commercial properties. The trust’s portfolio is anchored predominantly by Walmart Canada, complemented by a mix of other national and regional tenants. SmartCentres targets high-traffic, community-centric locations, offering grocery, discount department, service and specialty retailers within its shopping centres.

Originally established in 1994, the trust has grown through a combination of development, strategic acquisitions and redevelopments.