Short Interest in Plaza Retail REIT (OTCMKTS:PAZRF) Decreases By 73.5%

Plaza Retail REIT (OTCMKTS:PAZRF) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 309,459 shares, a drop of 73.5% from the February 26th total of 1,165,859 shares. Based on an average trading volume of 817 shares, the short-interest ratio is presently 378.8 days.

Plaza Retail REIT Price Performance

Shares of OTCMKTS PAZRF opened at $3.22 on Friday. Plaza Retail REIT has a fifty-two week low of $2.44 and a fifty-two week high of $3.23. The business has a 50-day simple moving average of $3.14 and a two-hundred day simple moving average of $3.05.

Wall Street Analysts Forecast Growth

Separately, Desjardins reaffirmed a “buy” rating on shares of Plaza Retail REIT in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

About Plaza Retail REIT

Plaza Retail REIT is a Canadian real estate investment trust that specializes in the ownership, development and management of retail properties. Headquartered in Toronto, the trust was established in 2005 and operates under a REIT structure designed to generate stable, recurring income through long-term leases with retail tenants.

The company’s core business activities include the acquisition of grocery-anchored shopping centres, tenant relationship management and the strategic redevelopment of existing retail assets.