Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Sees Significant Increase in Short Interest

Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 13,971 shares, a growth of 175.5% from the June 30th total of 5,071 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Morguard Real Estate Investment Trust Stock Performance

MGRUF stock remained flat at $5.17 during mid-day trading on Tuesday. Morguard Real Estate Investment Trust has a fifty-two week low of $3.83 and a fifty-two week high of $5.17. The firm’s fifty day moving average is $4.71 and its 200-day moving average is $4.69.

About Morguard Real Estate Investment Trust

Morguard Real Estate Investment Trust is an open-ended, unincorporated real estate investment trust organized under Canadian law. It acquires, owns and manages a diversified portfolio of income-producing properties across major markets in Canada. The trust is sponsored and managed by Morguard Asset Management Limited, drawing on the broader Morguard organization’s expertise in property management, development and leasing services.

The trust’s portfolio encompasses four primary property types: retail, office, industrial and multi-residential.