Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Short Interest Up 14,784.6% in June

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 3,870 shares, a growth of 14,784.6% from the May 31st total of 26 shares. Based on an average daily volume of 10,047 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, TD Securities reissued a “buy” rating and set a $25.00 price objective on shares of Flagship Communities Real Estate Investment Trust in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $24.50.

Flagship Communities Real Estate Investment Trust Stock Performance

MHCUF stock remained flat at $20.59 during trading on Thursday. The company’s stock had a trading volume of 1,214 shares, compared to its average volume of 2,687. Flagship Communities Real Estate Investment Trust has a 52 week low of $17.43 and a 52 week high of $20.96. The firm’s 50 day moving average is $19.61 and its 200 day moving average is $19.55.

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.