Short Interest in Nexus Industrial REIT (OTCMKTS:EFRTF) Drops By 30.3%

Posted by Tyrone Williams on Jul 1st, 2024

Nexus Industrial REIT (OTCMKTS:EFRTF – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 446,400 shares, a drop of 30.3% from the May 31st total of 640,900 shares. Based on an average daily trading volume, of 18,800 shares, the short-interest ratio is currently 23.7 days.

Nexus Industrial REIT Stock Up 4.2 %

Shares of EFRTF stock traded up $0.21 during mid-day trading on Monday, hitting $5.23. The stock had a trading volume of 500 shares, compared to its average volume of 6,136. The company’s 50-day simple moving average is $5.14 and its 200-day simple moving average is $5.57. Nexus Industrial REIT has a fifty-two week low of $4.55 and a fifty-two week high of $6.40.

Analyst Ratings Changes

Separately, Royal Bank of Canada decreased their price target on shares of Nexus Industrial REIT from $9.00 to $8.50 and set a “sector perform” rating for the company in a research report on Monday, March 18th.

Read Our Latest Stock Analysis on EFRTF

Nexus Industrial REIT Company Profile

(Get Free Report)

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 116 properties (including two properties held for development in which the REIT has an 80% interest) comprising approximately 12.4 million square feet of gross leasable area.