Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Sees Significant Drop in Short Interest

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 26 shares, a decrease of 93.2% from the May 14th total of 385 shares. Based on an average daily volume of 1,179 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, TD Securities reissued a “buy” rating and set a $25.00 price objective on shares of Flagship Communities Real Estate Investment Trust in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $24.50.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of OTCMKTS MHCUF remained flat at $19.73 during trading on Wednesday. 2,421 shares of the stock were exchanged, compared to its average volume of 2,579. The firm’s 50-day moving average price is $19.41 and its 200 day moving average price is $19.38. Flagship Communities Real Estate Investment Trust has a 12-month low of $17.43 and a 12-month high of $20.96.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.

Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.