Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Short Interest Down 62.2% in February

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 346 shares, a decrease of 62.2% from the February 12th total of 916 shares. Based on an average trading volume of 721 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 721 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of research firms have commented on MHCUF. TD Securities restated a “buy” rating on shares of Flagship Communities Real Estate Investment Trust in a research report on Friday, November 14th. Scotiabank reiterated an “outperform” rating and issued a $24.00 price objective on shares of Flagship Communities Real Estate Investment Trust in a research note on Friday, January 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Flagship Communities Real Estate Investment Trust currently has a consensus rating of “Buy” and a consensus price target of $24.00.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of OTCMKTS:MHCUF remained flat at $19.50 during trading on Thursday. 8,041 shares of the stock were exchanged, compared to its average volume of 1,432. The firm’s fifty day moving average is $19.90 and its two-hundred day moving average is $19.08. Flagship Communities Real Estate Investment Trust has a twelve month low of $15.04 and a twelve month high of $20.96.

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.