Primaris Real Estate Investment Trust (OTCMKTS:PMREF) Sees Significant Decrease in Short Interest

Primaris Real Estate Investment Trust (OTCMKTS:PMREF) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 420,800 shares, a decrease of 21.6% from the August 15th total of 536,600 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is currently 263.0 days.

Primaris Real Estate Investment Trust Price Performance

Shares of OTCMKTS PMREF opened at C$11.21 on Tuesday. The stock’s 50-day simple moving average is C$10.27 and its 200-day simple moving average is C$9.94. Primaris Real Estate Investment Trust has a fifty-two week low of C$9.25 and a fifty-two week high of C$11.21.

About Primaris Real Estate Investment Trust

Primaris is Canada's only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 billion at Primaris' share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform.