NewRiver REIT plc (OTCMKTS:NRWRF) Sees Large Decline in Short Interest

NewRiver REIT plc (OTCMKTS:NRWRF) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 224 shares, a decrease of 86.8% from the August 31st total of 1,694 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Analyst Ratings Changes

Separately, Barclays reaffirmed 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, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

NewRiver REIT Price Performance

Shares of OTCMKTS NRWRF remained flat at $1.02 during mid-day trading on Friday. NewRiver REIT has a fifty-two week low of $1.02 and a fifty-two week high of $1.05. The stock has a 50-day simple moving average of $1.02 and a 200 day simple moving average of $1.01.

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.