Short Interest in Plaza Retail REIT (OTCMKTS:PAZRF) Declines By 73.5%

Plaza Retail REIT (OTCMKTS:PAZRF) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 309,459 shares, a decrease of 73.5% from the February 26th total of 1,165,859 shares. Based on an average trading volume of 817 shares, the short-interest ratio is currently 378.8 days. Based on an average trading volume of 817 shares, the short-interest ratio is currently 378.8 days.

Plaza Retail REIT Stock Performance

PAZRF remained flat at $3.22 during trading hours on Wednesday. The company had a trading volume of 100 shares, compared to its average volume of 5,648. The company’s 50 day simple moving average is $3.13 and its 200-day simple moving average is $3.05. Plaza Retail REIT has a twelve month low of $2.44 and a twelve month high of $3.23.

Analyst Upgrades and Downgrades

Separately, Desjardins restated a “buy” rating on shares of Plaza Retail REIT in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Plaza Retail REIT Company Profile

Plaza Retail REIT is a Canadian real estate investment trust that specializes in the ownership, development and management of retail properties. Headquartered in Toronto, the trust was established in 2005 and operates under a REIT structure designed to generate stable, recurring income through long-term leases with retail tenants.

The company’s core business activities include the acquisition of grocery-anchored shopping centres, tenant relationship management and the strategic redevelopment of existing retail assets.