NewRiver REIT plc (OTCMKTS:NRWRF) Stock Short Interest Drops 100.0%

NewRiver REIT plc (OTCMKTS:NRWRF) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1 shares, a decrease of 100.0% from the September 30th total of 3,461 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analyst Weigh In

Separately, Barclays reissued an “overweight” rating on shares of NewRiver REIT in a research report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, NewRiver REIT currently has an average rating of “Buy”.

NewRiver REIT Stock Performance

Shares of NewRiver REIT stock remained flat at $1.02 during midday trading on Monday. The business’s 50 day moving average price is $1.02 and its 200 day moving average price is $1.00. NewRiver REIT has a 12 month low of $1.02 and a 12 month high of $1.05.

About NewRiver REIT

NewRiver REIT plc is a United Kingdom-focused real estate investment trust that owns, manages and develops retail and leisure property. Its portfolio is centered on convenience-led assets intended to serve local communities, including shopping centres, retail parks, high-street properties and other commercial locations.

The company works with retailers, leisure operators and other occupiers to manage its properties, attract tenants and enhance the long-term performance of its assets. NewRiver has also historically invested in community and leisure-related property businesses, including public houses, as part of its broader strategy of owning commercially focused real estate.

NewRiver was established in 2009 and became a publicly listed REIT on the London Stock Exchange in 2014.