NewRiver REIT plc (OTCMKTS:NRWRF) Stock Short Interest Report for September

NewRiver REIT plc (OTCMKTS:NRWRF) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,461 shares, an increase of 1,445.1% from the September 15th total of 224 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

NewRiver REIT Stock Performance

Shares of NRWRF remained flat at $1.02 during trading hours on Friday. The company has a 50-day simple moving average of $1.02 and a 200 day simple moving average of $1.01. NewRiver REIT has a 52-week low of $1.02 and a 52-week high of $1.05.

Analysts Set New Price Targets

Separately, Barclays restated an “overweight” rating on shares of NewRiver REIT in a research note on Monday, August 24th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, NewRiver REIT presently has a consensus rating of “Buy”.

NewRiver REIT Company Profile

NewRiver REIT plc is a United Kingdom-based real estate investment trust that owns, manages and develops retail and leisure properties. Its portfolio has historically included shopping centers, retail parks and convenience-focused assets serving local communities throughout the United Kingdom.

The company’s activities include leasing commercial space to retailers, providing property and asset management services, and undertaking redevelopment and repositioning projects intended to support the long-term use of its properties.