CT Real Estate Investment Trust (OTCMKTS:CTRRF – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 571,055 shares, an increase of 130.4% from the December 15th total of 247,906 shares. Based on an average daily volume of 16,405 shares, the days-to-cover ratio is presently 34.8 days. Based on an average daily volume of 16,405 shares, the days-to-cover ratio is presently 34.8 days.
CT Real Estate Investment Trust Stock Down 0.3%
OTCMKTS CTRRF traded down $0.04 during trading hours on Thursday, hitting $12.17. The company had a trading volume of 15,328 shares, compared to its average volume of 15,109. CT Real Estate Investment Trust has a 52 week low of $9.55 and a 52 week high of $12.21. The firm has a 50 day simple moving average of $11.72 and a 200 day simple moving average of $11.71.
Analyst Ratings Changes
Several analysts have recently issued reports on CTRRF shares. CIBC reiterated a “neutral” rating on shares of CT Real Estate Investment Trust in a research note on Wednesday, November 5th. BMO Capital Markets reissued 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
About CT Real Estate Investment Trust
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.
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