CT Real Estate Investment Trust (OTCMKTS:CTRRF) Sees Significant Drop in Short Interest

CT Real Estate Investment Trust (OTCMKTS:CTRRF) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 54,033 shares, a decrease of 90.3% from the February 12th total of 559,043 shares. Based on an average trading volume of 43,367 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 43,367 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating on shares of CT Real Estate Investment Trust in a research report on Monday, February 23rd. BMO Capital Markets reissued a “market perform” rating on shares of CT Real Estate Investment Trust in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

CT Real Estate Investment Trust Stock Performance

Shares of CTRRF stock remained flat at $12.28 during trading hours on Wednesday. 413 shares of the stock traded hands, compared to its average volume of 29,491. The stock has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $11.86. CT Real Estate Investment Trust has a 1 year low of $9.55 and a 1 year high of $12.28.

About CT Real Estate Investment Trust

CT Real Estate Investment Trust (OTCMKTS: CTRRF) is a Canadian real estate investment trust focused on owning, leasing and managing a diversified portfolio of predominantly retail and mixed-use properties across Canada. Established in 2013 as a spin-off from Canadian Tire Corporation, the Trust’s holdings include automotive service centres, flagship Canadian Tire and affiliated retail stores, distribution and logistics facilities, as well as properties leased to select third-party retailers.

The Trust employs a long-term, net‐lease strategy designed to generate stable and predictable rental income.