NewRiver REIT plc (OTCMKTS:NRWRF – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 3,461 shares, an increase of 1,445.1% from the September 15th total of 224 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.
NewRiver REIT Price Performance
Shares of OTCMKTS NRWRF remained flat at $1.02 during trading hours on Friday. The firm has a 50 day moving average of $1.02 and a 200-day moving average of $1.01. NewRiver REIT has a 1-year low of $1.02 and a 1-year high of $1.05.
Wall Street Analysts Forecast Growth
Separately, Barclays reissued an “overweight” rating on shares of NewRiver REIT in a research note on Monday, August 24th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
About NewRiver REIT
NewRiver REIT plc is a United Kingdom-based real estate investment trust that owns, manages and develops retail and leisure properties. Its portfolio has historically included shopping centers, retail parks and convenience-focused assets serving local communities throughout the United Kingdom.
The company’s activities include leasing commercial space to retailers, providing property and asset management services, and undertaking redevelopment and repositioning projects intended to support the long-term use of its properties.
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