Short Interest in First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Declines By 49.8%

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF – Get Rating) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 83,700 shares, a drop of 49.8% from the March 15th total of 166,600 shares. Based on an average daily trading volume of 300 shares, the short-interest ratio is currently 279.0 days.

First Capital Real Estate Investment Trust stock remained flat at $$13.95 during trading on Friday. First Capital Real Estate Investment Trust has a one year low of $13.50 and a one year high of $15.14. The business’s 50 day simple moving average is $14.23 and its 200 day simple moving average is $14.31.

Separately, National Bank Financial lifted their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$20.50 in a report on Friday, February 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, First Capital Real Estate Investment Trust currently has a consensus rating of “Buy” and an average target price of $21.43.

First Capital Real Estate Investment Trust Company Profile (Get Rating)

First Capital is a leading developer, owner and manager of mixed-use real estate located in Canada’s most densely populated cities. First Capital’s focus is on creating thriving urban neighborhoods to generate value for businesses, residents, communities and our investors.

Further Reading

Receive News & Ratings for First Capital Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for First Capital Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.