Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Short Interest Up 66.9% in August

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 330,444 shares, a growth of 66.9% from the July 30th total of 198,039 shares. Based on an average trading volume of 628 shares, the short-interest ratio is presently 526.2 days.

Dream Office Real Estate Investment Trust Price Performance

Shares of OTCMKTS:DRETF opened at $12.84 on Wednesday. Dream Office Real Estate Investment Trust has a one year low of $11.68 and a one year high of $14.60. The firm has a 50 day simple moving average of $13.18 and a 200 day simple moving average of $12.60.

Analyst Upgrades and Downgrades

DRETF has been the subject of several analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Monday, August 10th. Scotiabank reaffirmed a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a report on Tuesday, August 11th. TD Securities reiterated a “hold” rating on shares of Dream Office Real Estate Investment Trust in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Dream Office Real Estate Investment Trust Company Profile

Dream Office Real Estate Investment Trust is a Canadian office-focused real estate investment trust based in Toronto, Ontario. The company acquires, owns and manages a diversified portfolio of office properties primarily situated in central business districts and high-growth suburban markets across Canada. As a publicly traded trust, Dream Office REIT seeks to deliver long-term value through active asset management, leasing strategies and selective property acquisitions and dispositions.

The trust’s portfolio spans key metropolitan regions including Toronto, Calgary, Vancouver and Montreal.