Plaza Retail REIT (OTCMKTS:PAZRF) Short Interest Update

Plaza Retail REIT (OTCMKTS:PAZRF) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 309,459 shares, a decrease of 73.5% from the February 26th total of 1,165,859 shares. Based on an average daily volume of 817 shares, the days-to-cover ratio is currently 378.8 days. Based on an average daily volume of 817 shares, the days-to-cover ratio is currently 378.8 days.

Analyst Upgrades and Downgrades

Separately, Desjardins reaffirmed a “buy” rating on shares of Plaza Retail REIT in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Plaza Retail REIT Price Performance

Shares of PAZRF stock remained flat at $3.22 during trading hours on Wednesday. 100 shares of the stock traded hands, compared to its average volume of 5,648. Plaza Retail REIT has a 52 week low of $2.44 and a 52 week high of $3.23. The company has a 50 day moving average of $3.13 and a 200 day moving average of $3.05.

About Plaza Retail REIT

Plaza Retail REIT is a Canadian real estate investment trust that specializes in the ownership, development and management of retail properties. Headquartered in Toronto, the trust was established in 2005 and operates under a REIT structure designed to generate stable, recurring income through long-term leases with retail tenants.

The company’s core business activities include the acquisition of grocery-anchored shopping centres, tenant relationship management and the strategic redevelopment of existing retail assets.