CT Real Estate Investment Trust (OTCMKTS:CTRRF) Sees Large Growth in Short Interest

CT Real Estate Investment Trust (OTCMKTS:CTRRF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 810,841 shares, a growth of 123.0% from the August 15th total of 363,638 shares. Based on an average daily volume of 62,045 shares, the short-interest ratio is currently 13.1 days.

CT Real Estate Investment Trust Price Performance

Shares of CT Real Estate Investment Trust stock opened at $12.12 on Wednesday. The business’s 50 day simple moving average is $12.87 and its two-hundred day simple moving average is $12.81. CT Real Estate Investment Trust has a one year low of $10.00 and a one year high of $13.88.

Analyst Ratings Changes

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, August 19th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust (OTCMKTS: CTRRF) is a Canadian real estate investment trust focused on owning, leasing and managing a diversified portfolio of predominantly retail and mixed-use properties across Canada. Established in 2013 as a spin-off from Canadian Tire Corporation, the Trust’s holdings include automotive service centres, flagship Canadian Tire and affiliated retail stores, distribution and logistics facilities, as well as properties leased to select third-party retailers.

The Trust employs a long-term, net‐lease strategy designed to generate stable and predictable rental income.