NewRiver REIT plc (OTCMKTS:NRWRF) Shares Shorted: Short Interest Up 1,445.1% in September

NewRiver REIT plc (OTCMKTS:NRWRF) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,461 shares, a growth of 1,445.1% from the September 15th total of 224 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ? days.

NewRiver REIT Stock Performance

Shares of NRWRF stock remained flat at $1.02 during trading on Friday. NewRiver REIT has a 12 month low of $1.02 and a 12 month high of $1.05. The company has a 50-day moving average price of $1.02 and a 200-day moving average price of $1.01.

Wall Street Analyst Weigh In

Separately, Barclays reaffirmed an “overweight” rating on shares of NewRiver REIT in a research note on Monday, August 24th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

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.