Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Short Interest Down 93.2% in May

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 26 shares, a decline of 93.2% from the May 14th total of 385 shares. Based on an average daily volume of 1,179 shares, the short-interest ratio is currently 0.0 days.

Flagship Communities Real Estate Investment Trust Trading Up 0.0%

OTCMKTS MHCUF traded up $0.00 during trading hours on Tuesday, hitting $19.73. 2,421 shares of the company were exchanged, compared to its average volume of 2,579. The stock has a 50-day moving average price of $19.41 and a 200 day moving average price of $19.38. Flagship Communities Real Estate Investment Trust has a 52 week low of $17.43 and a 52 week high of $20.96.

Wall Street Analysts Forecast Growth

Separately, TD Securities restated a “buy” rating and issued a $25.00 price target on shares of Flagship Communities Real Estate Investment Trust in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $24.50.

About Flagship Communities Real Estate Investment Trust

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.