Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Sees Large Increase in Short Interest

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 1,132 shares, a growth of 43.1% from the December 31st total of 791 shares. Based on an average trading volume of 314 shares, the days-to-cover ratio is currently 3.6 days. Based on an average trading volume of 314 shares, the days-to-cover ratio is currently 3.6 days.

Analyst Upgrades and Downgrades

MHCUF has been the subject of a number of research analyst reports. Scotiabank reissued an “outperform” rating and issued a $24.00 target price on shares of Flagship Communities Real Estate Investment Trust in a report on Friday, January 16th. TD Securities reaffirmed a “buy” rating on shares of Flagship Communities Real Estate Investment Trust in a research report on Friday, November 14th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Flagship Communities Real Estate Investment Trust currently has an average rating of “Buy” and a consensus price target of $24.00.

Flagship Communities Real Estate Investment Trust Stock Up 0.3%

OTCMKTS MHCUF opened at $19.92 on Tuesday. The company has a 50-day moving average price of $19.20 and a 200-day moving average price of $18.73. Flagship Communities Real Estate Investment Trust has a 52 week low of $14.00 and a 52 week high of $20.50.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.

Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.