Primaris Real Estate Investment Trust (OTCMKTS:PMREF – Get Free Report) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 242,592 shares, a drop of 43.1% from the May 31st total of 426,378 shares. Based on an average trading volume of 23,914 shares, the days-to-cover ratio is presently 10.1 days.
Primaris Real Estate Investment Trust Stock Performance
Shares of OTCMKTS PMREF remained flat at C$18.26 during trading on Thursday. 100 shares of the company’s stock were exchanged, compared to its average volume of 17,647. Primaris Real Estate Investment Trust has a one year low of C$10.44 and a one year high of C$46.44. The business’s 50 day moving average is C$14.25 and its 200 day moving average is C$14.00.
About Primaris Real Estate Investment Trust
Primaris Real Estate Investment Trust is a Canadian real estate investment trust focused on owning, operating and acquiring retail properties. The trust’s portfolio is anchored by neighbourhood and regional shopping centres, often featuring grocery store and necessity-based tenants that generate stable foot traffic. By concentrating on retail real estate, Primaris aims to deliver predictable income streams through long-term leases with credit-worthy tenants.
The company’s core activities include property management, leasing and asset management services.
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