Short Interest in Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Increases By 56.2%

Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQFGet Free Report) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 10,473,245 shares, an increase of 56.2% from the July 30th total of 6,703,490 shares. Based on an average daily volume of 71,307 shares, the short-interest ratio is currently 146.9 days.

Choice Properties Real Estate Investment Trust Stock Up 0.4%

Shares of OTCMKTS:PPRQF opened at $11.22 on Wednesday. Choice Properties Real Estate Investment Trust has a 52 week low of $9.86 and a 52 week high of $11.81. The business has a fifty day simple moving average of $11.48 and a 200-day simple moving average of $11.41.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PPRQF. Royal Bank Of Canada upgraded shares of Choice Properties Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 27th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Choice Properties Real Estate Investment Trust in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

View Our Latest Research Report on PPRQF

About Choice Properties Real Estate Investment Trust

(Get Free Report)

Choice Properties Real Estate Investment Trust is a Canada-based, open-ended real estate investment trust established in 2012 by Loblaw Companies Limited. It was created to acquire, own, develop and manage a diversified portfolio of retail, industrial and commercial properties across Canada. The Trust’s sponsor relationship with Loblaw provides a steady source of quality tenants, anchored primarily by grocery and pharmacy banners.

The Trust’s core business activities include the leasing of grocery-anchored shopping centres, the ownership of industrial and logistics properties and the strategic development of mixed-use and residential projects.

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