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

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

Flagship Communities Real Estate Investment Trust Price Performance

Shares of MHCUF remained flat at $19.73 during trading hours on Thursday. The firm has a 50-day moving average of $19.43 and a 200 day moving average of $19.40. Flagship Communities Real Estate Investment Trust has a fifty-two week low of $17.43 and a fifty-two week high of $20.96.

Analyst Ratings Changes

Separately, TD Securities reiterated a “buy” rating and set a $25.00 price target on shares of Flagship Communities Real Estate Investment Trust in a research report 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 a consensus rating of “Buy” and a consensus price target 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.