Short Interest in True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Increases By 464.8% Posted by Trevor Kearing on Aug 28th, 2021 Share on Stocktwits
True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) saw a significant growth in short interest in the month of August. As of August 13th, there was short interest totalling 72,300 shares, a growth of 464.8% from the July 29th total of 12,800 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 241.0 days.
True North Commercial Real Estate Investment Trust stock remained flat at $$5.94 during mid-day trading on Friday. 65 shares of the company’s stock traded hands, compared to its average volume of 4,335. The firm has a fifty day simple moving average of $5.94. True North Commercial Real Estate Investment Trust has a 12-month low of $0.00 and a 12-month high of $8.00. Get True North Commercial Real Estate Investment Trust alerts:
A number of research analysts recently commented on TUERF shares. CIBC raised their price objective on shares of True North Commercial Real Estate Investment Trust from $6.75 to $7.25 and gave the company a “neutral” rating in a research note on Thursday, May 6th. Canaccord Genuity lowered shares of True North Commercial Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Friday, May 7th. Finally, National Bank Financial raised their price objective on shares of True North Commercial Real Estate Investment Trust from C$7.25 to C$7.50 and gave the company a “sector perform” rating in a research note on Monday, July 19th. True North Commercial Real Estate Investment Trust Company Profile
The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 48 commercial properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants.
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