CT Real Estate Investment Trust (OTCMKTS:CTRRF) Short Interest Up 23.6% in January

CT Real Estate Investment Trust (OTCMKTS:CTRRF) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 602,646 shares, a growth of 23.6% from the January 15th total of 487,767 shares. Based on an average daily trading volume, of 11,531 shares, the days-to-cover ratio is currently 52.3 days. Based on an average daily trading volume, of 11,531 shares, the days-to-cover ratio is currently 52.3 days.

CT Real Estate Investment Trust Trading Up 0.6%

Shares of CTRRF opened at $12.16 on Tuesday. The business’s 50-day moving average is $11.95 and its 200-day moving average is $11.80. CT Real Estate Investment Trust has a fifty-two week low of $9.55 and a fifty-two week high of $12.21.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CTRRF shares. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of CT Real Estate Investment Trust in a report on Wednesday, November 5th. BMO Capital Markets reiterated a “market perform” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CT Real Estate Investment Trust has an average rating of “Hold”.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust (OTCMKTS: CTRRF) is a Canadian real estate investment trust focused on owning, leasing and managing a diversified portfolio of predominantly retail and mixed-use properties across Canada. Established in 2013 as a spin-off from Canadian Tire Corporation, the Trust’s holdings include automotive service centres, flagship Canadian Tire and affiliated retail stores, distribution and logistics facilities, as well as properties leased to select third-party retailers.

The Trust employs a long-term, net‐lease strategy designed to generate stable and predictable rental income.