Nexus Industrial REIT (OTCMKTS:EFRTF) Short Interest Down 17.0% in June

Nexus Industrial REIT (OTCMKTS:EFRTF) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 370,400 shares, a decline of 17.0% from the June 15th total of 446,400 shares. Based on an average daily trading volume, of 10,000 shares, the short-interest ratio is presently 37.0 days.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped their price target on shares of Nexus Industrial REIT from $9.00 to $8.50 and set a “sector perform” rating for the company in a research note on Monday, March 18th.

Nexus Industrial REIT Stock Performance

OTCMKTS:EFRTF remained flat at $5.34 during trading hours on Tuesday. 1,920 shares of the company’s stock traded hands, compared to its average volume of 6,142. Nexus Industrial REIT has a 1 year low of $4.55 and a 1 year high of $6.36. The firm has a 50 day moving average price of $5.13 and a 200 day moving average price of $5.52.

Nexus Industrial REIT Company Profile

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 116 properties (including two properties held for development in which the REIT has an 80% interest) comprising approximately 12.4 million square feet of gross leasable area.