Chartwell Retirement Residences (OTCMKTS:CWSRF) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 686,800 shares, an increase of 146.2% from the December 15th total of 279,000 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 686.8 days.
A number of research analysts have weighed in on CWSRF shares. BMO Capital Markets downgraded Chartwell Retirement Residences from an “outperform” rating to a “market perform” rating in a report on Friday, December 17th. Royal Bank of Canada lowered their price objective on Chartwell Retirement Residences from C$14.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 16th. raised Chartwell Retirement Residences from a “hold” rating to a “buy” rating in a report on Monday, November 15th. Finally, CIBC lowered their price target on Chartwell Retirement Residences from C$14.50 to C$14.25 and set an “outperform” rating on the stock in a report on Monday, November 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $14.06.
Shares of OTCMKTS:CWSRF opened at $9.84 on Friday. The firm’s 50 day simple moving average is $9.25 and its 200-day simple moving average is $9.80. Chartwell Retirement Residences has a one year low of $8.08 and a one year high of $11.14.
Chartwell Retirement Residences is a real estate trust, which engages in the ownership and operation of a range of seniors housing communities, from independent supportive living through assisted living to long term care. It operates through the Retirement Operations, and Long Term Care Operations segments.
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