Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Sees Significant Increase in Short Interest

Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 28,969 shares, a growth of 107.4% from the July 15th total of 13,971 shares. Based on an average daily trading volume, of 67 shares, the short-interest ratio is currently 432.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Morguard Real Estate Investment Trust stock. Compass Financial Management LLC bought a new position in shares of Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,536 shares of the company’s stock, valued at approximately $2,586,000. Hedge funds and other institutional investors own 56.60% of the company’s stock.

Morguard Real Estate Investment Trust Price Performance

Shares of OTCMKTS:MGRUF remained flat at $5.04 during midday trading on Friday. The stock’s 50-day simple moving average is $4.82 and its 200-day simple moving average is $4.74. Morguard Real Estate Investment Trust has a 52 week low of $5.04 and a 52 week high of $5.17.

About Morguard Real Estate Investment Trust

Morguard Real Estate Investment Trust is an open-ended, unincorporated real estate investment trust organized under Canadian law. It acquires, owns and manages a diversified portfolio of income-producing properties across major markets in Canada. The trust is sponsored and managed by Morguard Asset Management Limited, drawing on the broader Morguard organization’s expertise in property management, development and leasing services.

The trust’s portfolio encompasses four primary property types: retail, office, industrial and multi-residential.