Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Short Interest Update

Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 92,000 shares, a growth of 223.9% from the August 15th total of 28,400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 920.0 days.

Shares of OTCMKTS:MNARF remained flat at $$14.66 during mid-day trading on Wednesday. Morguard North American Residential Real Estate Investment Trust has a 52 week low of $10.31 and a 52 week high of $14.66. The company has a 50 day moving average price of $14.08 and a 200 day moving average price of $13.23.

Several equities analysts have recently weighed in on the stock. TD Securities upped their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$19.50 to C$21.00 and gave the company a “buy” rating in a report on Thursday, July 29th. Royal Bank of Canada boosted their price objective on Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Friday, July 30th.

About Morguard North American Residential Real Estate Investment Trust

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management.

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