Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Sees Significant Drop in Short Interest

Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,500 shares, a drop of 55.9% from the December 15th total of 3,400 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 15.0 days.

Morguard Real Estate Investment Trust Price Performance

Shares of MGRUF opened at $3.81 on Thursday. The stock has a 50 day moving average of $3.95 and a 200 day moving average of $3.98. Morguard Real Estate Investment Trust has a 12 month low of $3.81 and a 12 month high of $4.28.

Morguard Real Estate Investment Trust Company Profile

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 46 retail, office and industrial income producing properties in Canada with a book value of $2.3 billion and approximately 8.2 million square feet of leasable space.