Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Shares Shorted: Short Interest Up 1,039.8% in October

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 2,405 shares, a growth of 1,039.8% from the October 15th total of 211 shares. Based on an average daily volume of 3,258 shares, the days-to-cover ratio is currently 0.7 days.

Flagship Communities Real Estate Investment Trust Price Performance

MHCUF stock remained flat at $21.80 during midday trading on Tuesday. The company had a trading volume of 1,300 shares, compared to its average volume of 2,874. Flagship Communities Real Estate Investment Trust has a 52-week low of $17.75 and a 52-week high of $23.00. The stock’s 50 day simple moving average is $21.17 and its 200-day simple moving average is $20.47.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust is a Canadian real estate investment trust focused on owning and operating manufactured housing communities in the United States. Its communities are located primarily in the Midwest and Southeast. The REIT provides sites for manufactured homes, along with community infrastructure and services that support residents. In this land-lease model, residents generally own their homes and pay rent for the lots on which the homes are situated. Flagship Communities was established in 2020 and is externally listed in Canada and the United States.