Short Interest in Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Decreases By 62.2%

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUFGet Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 346 shares, a decline of 62.2% from the February 12th total of 916 shares. Based on an average daily trading volume, of 721 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 721 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Scotiabank reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Flagship Communities Real Estate Investment Trust in a research report on Friday, January 16th. TD Securities reissued a “buy” rating on shares of Flagship Communities Real Estate Investment Trust in a report on Friday, November 14th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $24.00.

Read Our Latest Research Report on MHCUF

Flagship Communities Real Estate Investment Trust Price Performance

Shares of MHCUF stock opened at $19.50 on Wednesday. The company has a 50-day simple moving average of $19.91 and a 200 day simple moving average of $19.08. Flagship Communities Real Estate Investment Trust has a 52 week low of $15.04 and a 52 week high of $20.96.

Flagship Communities Real Estate Investment Trust Company Profile

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Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.

Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.

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