Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Sees Significant Increase in Short Interest

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 385 shares, a growth of 237.7% from the April 30th total of 114 shares. Based on an average daily volume of 5,398 shares, the short-interest ratio is currently 0.1 days.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of MHCUF stock remained flat at $19.50 during trading hours on Friday. 300 shares of the stock traded hands, compared to its average volume of 1,872. The company has a 50 day moving average of $19.31 and a 200 day moving average of $19.29. Flagship Communities Real Estate Investment Trust has a 52 week low of $16.88 and a 52 week high of $20.96.

Wall Street Analyst Weigh In

Separately, TD Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Flagship Communities Real Estate Investment Trust in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Flagship Communities Real Estate Investment Trust currently has a consensus rating of “Buy” and an average target price of $24.50.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.

Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.