Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Short Interest Down 29.6% in March

Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 254,600 shares, a drop of 29.6% from the February 28th total of 361,400 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is presently 106.1 days.

Morguard North American Residential Real Estate Investment Trust Price Performance

Morguard North American Residential Real Estate Investment Trust stock remained flat at $12.19 during mid-day trading on Monday. The company’s stock had a trading volume of 1,000 shares, compared to its average volume of 8,497. The business has a fifty day moving average of $11.55 and a two-hundred day moving average of $12.55. Morguard North American Residential Real Estate Investment Trust has a 1 year low of $11.22 and a 1 year high of $14.16.

Wall Street Analyst Weigh In

Separately, Desjardins assumed coverage on Morguard North American Residential Real Estate Investment Trust in a report on Tuesday, February 4th. They issued a “buy” rating for the company.

About Morguard North American Residential Real Estate Investment Trust

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management.