True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Sees Large Increase in Short Interest

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERFGet Rating) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 155,900 shares, an increase of 24.6% from the April 15th total of 125,100 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 194.9 days.

TUERF remained flat at $$4.92 during trading hours on Tuesday. True North Commercial Real Estate Investment Trust has a 12 month low of $3.86 and a 12 month high of $6.34. The business’s 50 day simple moving average is $5.47 and its two-hundred day simple moving average is $5.69.

Several research analysts have recently weighed in on TUERF shares. Canaccord Genuity Group lowered their target price on True North Commercial Real Estate Investment Trust from C$7.00 to C$6.75 in a report on Tuesday, May 10th. National Bank Financial decreased their price objective on True North Commercial Real Estate Investment Trust from C$7.50 to C$7.00 in a report on Wednesday, April 27th. Finally, Raymond James decreased their price objective on True North Commercial Real Estate Investment Trust from C$7.75 to C$7.00 in a report on Monday, May 9th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.20.

About True North Commercial Real Estate Investment Trust (Get Rating)

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 48 commercial properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants.

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