Short Interest in Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Drops By 28.8%

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 1,132,200 shares, a decrease of 28.8% from the August 15th total of 1,589,800 shares. Based on an average daily volume of 25,000 shares, the short-interest ratio is currently 45.3 days. Based on an average daily volume of 25,000 shares, the short-interest ratio is currently 45.3 days.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of OTCMKTS APYRF opened at $15.13 on Wednesday. The company’s 50 day simple moving average is $13.29 and its 200 day simple moving average is $12.12. Allied Properties Real Estate Investment Trust has a fifty-two week low of $9.71 and a fifty-two week high of $15.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. National Bankshares reiterated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Tuesday, July 15th. Desjardins lowered shares of Allied Properties Real Estate Investment Trust to a “sell” rating in a research report on Monday. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Allied Properties Real Estate Investment Trust Company Profile

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.