Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Short Interest Up 107.4% in July

Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 28,969 shares, a growth of 107.4% from the July 15th total of 13,971 shares. Based on an average trading volume of 67 shares, the short-interest ratio is currently 432.4 days.

Morguard Real Estate Investment Trust Stock Performance

Morguard Real Estate Investment Trust stock opened at $5.04 on Monday. Morguard Real Estate Investment Trust has a 52-week low of $5.04 and a 52-week high of $5.17. The firm has a 50 day moving average price of $4.82 and a two-hundred day moving average price of $4.73.

Hedge Funds Weigh In On Morguard Real Estate Investment Trust

An institutional investor recently bought a new position in Morguard Real Estate Investment Trust stock. Compass Financial Management LLC purchased a new stake in shares of Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,536 shares of the company’s stock, valued at approximately $2,586,000. Institutional investors and hedge funds own 56.60% of the company’s stock.

Morguard Real Estate Investment Trust Company Profile

Morguard Real Estate Investment Trust is an open-ended, unincorporated real estate investment trust organized under Canadian law. It acquires, owns and manages a diversified portfolio of income-producing properties across major markets in Canada. The trust is sponsored and managed by Morguard Asset Management Limited, drawing on the broader Morguard organization’s expertise in property management, development and leasing services.

The trust’s portfolio encompasses four primary property types: retail, office, industrial and multi-residential.