Short Interest in Killam Apartment REIT (OTCMKTS:KMMPF) Increases By 23.5%

Killam Apartment REIT (OTCMKTS:KMMPF) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 1,714,900 shares, an increase of 23.5% from the January 31st total of 1,388,400 shares. Based on an average daily volume of 50,900 shares, the days-to-cover ratio is currently 33.7 days.

Killam Apartment REIT Stock Performance

KMMPF remained flat at $11.45 on Thursday. 39,753 shares of the company’s stock were exchanged, compared to its average volume of 17,119. The company has a 50-day moving average price of $11.55 and a 200-day moving average price of $13.11. Killam Apartment REIT has a one year low of $11.02 and a one year high of $15.75.

Killam Apartment REIT Company Profile

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $4.9 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations; 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties; and 3) developing high-quality properties in its core markets.