Nexus Industrial REIT (OTCMKTS:EFRTF) Short Interest Update

Nexus Industrial REIT (OTCMKTS:EFRTF) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,106,729 shares, a growth of 311.9% from the June 15th total of 268,709 shares. Based on an average trading volume of 177,059 shares, the short-interest ratio is presently 6.3 days.

Wall Street Analyst Weigh In

Separately, Scotiabank restated a “sector perform” rating on shares of Nexus Industrial REIT in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Nexus Industrial REIT currently has an average rating of “Hold”.

Nexus Industrial REIT Stock Performance

EFRTF stock traded up $0.04 during midday trading on Tuesday, hitting $5.80. The company’s stock had a trading volume of 345 shares, compared to its average volume of 61,096. Nexus Industrial REIT has a 12 month low of $5.13 and a 12 month high of $8.11. The firm’s 50-day moving average is $5.83 and its 200-day moving average is $5.76.

Nexus Industrial REIT Company Profile

Nexus Industrial REIT is an unincorporated, closed-end real estate investment trust that focuses on the acquisition, development and management of industrial properties across North America. Its portfolio comprises single-tenant and multi-tenant distribution centres, manufacturing facilities and flex-industrial assets that serve a broad range of sectors including e-commerce, third-party logistics, consumer goods and light manufacturing. Long-term, triple-net leases form the backbone of its cash flow, aligning tenant responsibilities with property operating expenses and maintenance.

Since its establishment in 2018 and subsequent public listing, Nexus Industrial REIT has expanded into key Canadian markets—Ontario, Quebec, British Columbia and Alberta—as well as select U.S.