Chartwell Retirement Residences (OTCMKTS:CWSRF) Sees Large Decrease in Short Interest

Chartwell Retirement Residences (OTCMKTS:CWSRF) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 860,000 shares, a decrease of 9.3% from the March 15th total of 948,300 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is currently 110.3 days.

Chartwell Retirement Residences Stock Performance

Shares of OTCMKTS CWSRF opened at $9.20 on Wednesday. The business has a fifty day simple moving average of $9.07 and a 200 day simple moving average of $8.49. Chartwell Retirement Residences has a one year low of $6.27 and a one year high of $9.50.

Wall Street Analysts Forecast Growth

Separately, Desjardins began coverage on Chartwell Retirement Residences in a research note on Thursday, April 11th. They issued a “buy” rating and a $15.00 target price for the company.

About Chartwell Retirement Residences

Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.