Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Sees Significant Drop in Short Interest

Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 4,700 shares, a decline of 16.1% from the January 31st total of 5,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 47.0 days.

Morguard Real Estate Investment Trust Stock Performance

Shares of Morguard Real Estate Investment Trust stock opened at $3.86 on Friday. The company’s 50-day moving average price is $3.85 and its two-hundred day moving average price is $3.97. Morguard Real Estate Investment Trust has a 52 week low of $3.81 and a 52 week high of $4.28.

About Morguard Real Estate Investment Trust

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 46 retail, office and industrial income producing properties in Canada with a book value of $2.3 billion and approximately 8.2 million square feet of leasable space.