Short Interest in CT Real Estate Investment Trust (OTCMKTS:CTRRF) Declines By 14.6%

CT Real Estate Investment Trust (OTCMKTS:CTRRF) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 487,767 shares, a decrease of 14.6% from the December 31st total of 571,055 shares. Based on an average daily trading volume, of 14,105 shares, the days-to-cover ratio is currently 34.6 days. Based on an average daily trading volume, of 14,105 shares, the days-to-cover ratio is currently 34.6 days.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CTRRF. CIBC reaffirmed a “neutral” rating on shares of CT Real Estate Investment Trust in a report on Wednesday, November 5th. BMO Capital Markets restated a “market perform” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

CT Real Estate Investment Trust Price Performance

CTRRF opened at $12.15 on Tuesday. The business has a fifty day simple moving average of $11.84 and a 200-day simple moving average of $11.76. CT Real Estate Investment Trust has a fifty-two week low of $9.55 and a fifty-two week high of $12.21.

About CT Real Estate Investment Trust

CT Real Estate Investment Trust (OTCMKTS: CTRRF) is a Canadian real estate investment trust focused on owning, leasing and managing a diversified portfolio of predominantly retail and mixed-use properties across Canada. Established in 2013 as a spin-off from Canadian Tire Corporation, the Trust’s holdings include automotive service centres, flagship Canadian Tire and affiliated retail stores, distribution and logistics facilities, as well as properties leased to select third-party retailers.

The Trust employs a long-term, net?lease strategy designed to generate stable and predictable rental income.