Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Sees Large Increase in Short Interest

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,870 shares, a growth of 14,784.6% from the May 31st total of 26 shares. Based on an average daily trading volume, of 10,047 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, TD Securities restated a “buy” rating and issued a $25.00 price objective on shares of Flagship Communities Real Estate Investment Trust in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $24.50.

Flagship Communities Real Estate Investment Trust Stock Performance

Shares of MHCUF stock remained flat at $20.59 during mid-day trading on Thursday. 1,214 shares of the stock traded hands, compared to its average volume of 2,687. Flagship Communities Real Estate Investment Trust has a 1 year low of $17.43 and a 1 year high of $20.96. The company has a 50-day simple moving average of $19.61 and a 200 day simple moving average of $19.55.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.

Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.