Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Sees Large Decrease in Short Interest

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 7,608 shares, a drop of 19.1% from the February 26th total of 9,410 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 1,423 shares, the short-interest ratio is presently 5.3 days.

Medalist Diversified REIT Stock Performance

MDRR stock traded up $0.02 during trading on Monday, hitting $11.43. 48 shares of the company’s stock traded hands, compared to its average volume of 1,273. The stock has a market capitalization of $16.33 million, a price-to-earnings ratio of -6.21 and a beta of 0.53. Medalist Diversified REIT has a 52 week low of $9.55 and a 52 week high of $14.52. The stock has a fifty day moving average price of $11.82 and a two-hundred day moving average price of $12.71. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 1.36.

Medalist Diversified REIT (NASDAQ:MDRR) last posted its quarterly earnings results on Monday, March 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter. Medalist Diversified REIT had a negative return on equity of 9.28% and a negative net margin of 22.37%.The business had revenue of $2.82 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Medalist Diversified REIT in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About Medalist Diversified REIT

Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.