Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Short Interest Up 190.2% in May

Morguard Real Estate Investment Trust (OTCMKTS:MGRUF – Get Rating) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 35,700 shares, a growth of 190.2% from the April 30th total of 12,300 shares Based on an average daily trading volume of 700 shares, the days-to-cover ratio is currently 51.0 days.

OTCMKTS:MGRUF opened at $4.10 on Friday. The firm’s 50-day moving average price is $4.30 and its 200-day moving average price is $4.28. Morguard Real Estate Investment Trust has a 1-year low of $3.92 and a 1-year high of $5.83.

Several research analysts have commented on MGRUF shares. Scotiabank decreased their price objective on shares of Morguard Real Estate Investment Trust from C$6.50 to C$6.00 in a report on Tuesday, May 17th. Royal Bank of Canada decreased their price objective on shares of Morguard Real Estate Investment Trust from C$6.50 to C$6.00 in a report on Monday, February 28th. Finally, BMO Capital Markets upped their price objective on shares of Morguard Real Estate Investment Trust from C$5.00 to C$5.50 in a report on Tuesday, February 22nd.

About Morguard Real Estate Investment Trust (Get Rating)

The Trust is a closed-end real estate investment trust which owns a diversified portfolio of 47 retail, office and industrial income producing properties in Canada with a book value of $2.6 billion and approximately 8.3 million square feet of leasable space.

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