Short Interest in Nexus Industrial REIT (OTCMKTS:EFRTF) Increases By 311.9%

Nexus Industrial REIT (OTCMKTS:EFRTF) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,106,729 shares, an increase of 311.9% from the June 15th total of 268,709 shares. Based on an average daily trading volume, of 177,059 shares, the days-to-cover ratio is currently 6.3 days.

Nexus Industrial REIT Stock Performance

EFRTF remained flat at $5.76 during trading on Monday. 4,111 shares of the company’s stock traded hands, compared to its average volume of 61,096. Nexus Industrial REIT has a 12 month low of $5.13 and a 12 month high of $8.11. The business has a fifty day moving average of $5.83 and a 200-day moving average of $5.76.

Analysts Set New Price Targets

Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Nexus Industrial REIT in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

About Nexus Industrial REIT

Nexus Industrial REIT is an unincorporated, closed-end real estate investment trust that focuses on the acquisition, development and management of industrial properties across North America. Its portfolio comprises single-tenant and multi-tenant distribution centres, manufacturing facilities and flex-industrial assets that serve a broad range of sectors including e-commerce, third-party logistics, consumer goods and light manufacturing. Long-term, triple-net leases form the backbone of its cash flow, aligning tenant responsibilities with property operating expenses and maintenance.

Since its establishment in 2018 and subsequent public listing, Nexus Industrial REIT has expanded into key Canadian markets—Ontario, Quebec, British Columbia and Alberta—as well as select U.S.