CT Real Estate Investment Trust (OTCMKTS:CTRRF) Sees Large Growth in Short Interest

CT Real Estate Investment Trust (OTCMKTS:CTRRFGet Rating) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totalling 281,500 shares, an increase of 24.6% from the April 15th total of 225,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 2,815.0 days.

CTRRF has been the topic of several research analyst reports. Desjardins lowered their target price on shares of CT Real Estate Investment Trust from C$18.50 to C$18.00 in a research note on Monday. National Bank Financial raised their target price on shares of CT Real Estate Investment Trust from C$19.50 to C$20.00 in a report on Wednesday, April 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $18.80.

CT Real Estate Investment Trust stock opened at $13.89 on Tuesday. CT Real Estate Investment Trust has a 52-week low of $12.87 and a 52-week high of $14.52. The business has a 50-day simple moving average of $13.96 and a two-hundred day simple moving average of $13.56.

CT Real Estate Investment Trust Company Profile (Get Rating)

CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 350 properties totaling approximately 29 million square feet of GLA, consisting primarily of net leased single-tenant retail properties located across Canada.

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