Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Sees Significant Increase in Short Interest

Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 28,969 shares, an increase of 107.4% from the July 15th total of 13,971 shares. Based on an average trading volume of 67 shares, the days-to-cover ratio is currently 432.4 days.

Morguard Real Estate Investment Trust Price Performance

Shares of MGRUF remained flat at $5.04 during mid-day trading on Friday. The stock’s 50-day simple moving average is $4.82 and its 200 day simple moving average is $4.74. Morguard Real Estate Investment Trust has a 12 month low of $5.04 and a 12 month high of $5.17.

Institutional Trading of Morguard Real Estate Investment Trust

A hedge fund recently bought a new stake in Morguard Real Estate Investment Trust stock. Compass Financial Management LLC acquired a new stake in Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,536 shares of the company’s stock, valued at approximately $2,586,000. Institutional investors and hedge funds own 56.60% of the company’s stock.

Morguard Real Estate Investment Trust Company Profile

Morguard Real Estate Investment Trust is an open-ended, unincorporated real estate investment trust organized under Canadian law. It acquires, owns and manages a diversified portfolio of income-producing properties across major markets in Canada. The trust is sponsored and managed by Morguard Asset Management Limited, drawing on the broader Morguard organization’s expertise in property management, development and leasing services.

The trust’s portfolio encompasses four primary property types: retail, office, industrial and multi-residential.