Nexus Industrial REIT (OTCMKTS:EFRTF) Short Interest Up 311.9% in June

Nexus Industrial REIT (OTCMKTS:EFRTF) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,106,729 shares, an increase of 311.9% from the June 15th total of 268,709 shares. Based on an average daily volume of 177,059 shares, the short-interest ratio is currently 6.3 days.

Analysts Set New Price Targets

Separately, Scotiabank reiterated a “sector perform” rating on shares of Nexus Industrial REIT in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Nexus Industrial REIT Stock Performance

OTCMKTS EFRTF remained flat at $5.76 on Friday. The company’s stock had a trading volume of 4,111 shares, compared to its average volume of 61,096. The firm has a fifty day simple moving average of $5.83 and a two-hundred day simple moving average of $5.76. Nexus Industrial REIT has a one year low of $5.13 and a one year high of $8.11.

About Nexus Industrial REIT

Nexus Industrial REIT is an unincorporated, closed-end real estate investment trust that focuses on the acquisition, development and management of industrial properties across North America. Its portfolio comprises single-tenant and multi-tenant distribution centres, manufacturing facilities and flex-industrial assets that serve a broad range of sectors including e-commerce, third-party logistics, consumer goods and light manufacturing. Long-term, triple-net leases form the backbone of its cash flow, aligning tenant responsibilities with property operating expenses and maintenance.

Since its establishment in 2018 and subsequent public listing, Nexus Industrial REIT has expanded into key Canadian markets—Ontario, Quebec, British Columbia and Alberta—as well as select U.S.