Crombie Real Estate Investment Trust (OTCMKTS:CROMF) Short Interest Up 103.9% in March

Crombie Real Estate Investment Trust (OTCMKTS:CROMFGet Rating) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 157,800 shares, an increase of 103.9% from the March 15th total of 77,400 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 263.0 days.

CROMF stock opened at $14.56 on Thursday. Crombie Real Estate Investment Trust has a 1 year low of $12.85 and a 1 year high of $15.05. The business has a 50 day simple moving average of $14.15 and a 200-day simple moving average of $14.18.

A number of equities research analysts have recently commented on the company. BMO Capital Markets upgraded Crombie Real Estate Investment Trust from a “market perform” rating to an “outperform” rating in a research report on Friday, December 17th. Canaccord Genuity Group lowered Crombie Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$19.25 price objective on the stock. in a report on Wednesday, April 6th. Finally, TD Securities raised Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 28th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.63.

About Crombie Real Estate Investment Trust (Get Rating)

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets.

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