Short Interest in Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Declines By 50.0%

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 500 shares, a decrease of 50.0% from the February 13th total of 1,000 shares. Based on an average daily volume of 18,100 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, TD Securities initiated coverage on shares of Flagship Communities Real Estate Investment Trust in a research note on Friday, March 7th. They set a “buy” rating for the company.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of MHCUF stock traded up $1.20 during trading hours on Friday, hitting $16.70. 7,100 shares of the company’s stock traded hands, compared to its average volume of 6,266. The stock’s 50 day simple moving average is $14.72 and its 200 day simple moving average is $15.08. Flagship Communities Real Estate Investment Trust has a 12 month low of $13.13 and a 12 month high of $17.26.

Flagship Communities Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.0517 per share. The ex-dividend date is Friday, February 28th.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate a portfolio of income-producing manufactured housing communities located in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured homes for lease to residents of such housing communities.