Plaza Retail REIT (OTCMKTS:PAZRF) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 9,400 shares, a drop of 55.2% from the March 15th total of 21,000 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 13.4 days.
PAZRF stock remained flat at $$3.16 during mid-day trading on Friday. Plaza Retail REIT has a fifty-two week low of $1.99 and a fifty-two week high of $3.22. The stock’s fifty day moving average is $3.06 and its 200 day moving average is $2.82.
PAZRF has been the subject of a number of analyst reports. Canaccord Genuity increased their price target on Plaza Retail REIT from $4.00 to $4.25 and gave the company a “buy” rating in a report on Monday, March 29th. Industrial Alliance Securities raised shares of Plaza Retail REIT from a “hold” rating to a “buy” rating in a report on Monday, March 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $3.81.
Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at September 30, 2020 includes interests in 272 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development.
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