Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Short Interest Down 93.2% in May

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 26 shares, a decrease of 93.2% from the May 14th total of 385 shares. Based on an average daily trading volume, of 1,179 shares, the short-interest ratio is presently 0.0 days.

Flagship Communities Real Estate Investment Trust Trading Up 0.0%

Shares of Flagship Communities Real Estate Investment Trust stock traded up $0.00 during trading on Tuesday, reaching $19.73. 2,421 shares of the stock traded hands, compared to its average volume of 2,579. The business has a fifty day simple moving average of $19.41 and a two-hundred day simple moving average of $19.38. Flagship Communities Real Estate Investment Trust has a 52-week low of $17.43 and a 52-week high of $20.96.

Wall Street Analyst Weigh In

Separately, TD Securities reiterated a “buy” rating and issued a $25.00 price target on shares of Flagship Communities Real Estate Investment Trust in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Flagship Communities Real Estate Investment Trust currently has an average rating of “Buy” and an average target price of $24.50.

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.