Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Short Interest Update

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 385 shares, a growth of 237.7% from the April 30th total of 114 shares. Based on an average daily trading volume, of 5,398 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

Flagship Communities Real Estate Investment Trust Price Performance

MHCUF stock traded up $0.05 during midday trading on Friday, hitting $19.50. Flagship Communities Real Estate Investment Trust has a 1-year low of $16.88 and a 1-year high of $20.96. The firm’s 50 day moving average is $19.32 and its 200 day moving average is $19.29.

Flagship Communities Real Estate Investment Trust Company Profile

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.