CT Real Estate Investment Trust (OTCMKTS:CTRRF) Short Interest Update

CT Real Estate Investment Trust (OTCMKTS:CTRRF) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 247,906 shares, an increase of 90.5% from the November 30th total of 130,128 shares. Based on an average daily volume of 10,526 shares, the days-to-cover ratio is presently 23.6 days. Based on an average daily volume of 10,526 shares, the days-to-cover ratio is presently 23.6 days.

CT Real Estate Investment Trust Price Performance

OTCMKTS CTRRF remained flat at $11.94 during trading hours on Friday. The firm’s 50 day moving average price is $11.67 and its two-hundred day moving average price is $11.69. CT Real Estate Investment Trust has a 52-week low of $9.55 and a 52-week high of $12.11.

Wall Street Analyst Weigh In

CTRRF has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of CT Real Estate Investment Trust in a research note on Wednesday, November 5th. CIBC reissued a “neutral” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average 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.