Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Sees Large Decline in Short Interest

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,132,200 shares, a decline of 28.8% from the August 15th total of 1,589,800 shares. Based on an average trading volume of 25,000 shares, the days-to-cover ratio is currently 45.3 days. Based on an average trading volume of 25,000 shares, the days-to-cover ratio is currently 45.3 days.

Allied Properties Real Estate Investment Trust Trading Down 0.6%

OTCMKTS:APYRF opened at $15.04 on Thursday. Allied Properties Real Estate Investment Trust has a 12 month low of $9.71 and a 12 month high of $15.23. The business’s 50-day moving average is $13.33 and its 200 day moving average is $12.14.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APYRF. Desjardins cut shares of Allied Properties Real Estate Investment Trust to a “sell” rating in a research note on Monday. National Bankshares restated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Allied Properties Real Estate Investment Trust has a consensus rating of “Reduce”.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.