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

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

Analyst Ratings Changes

Several equities research analysts have commented on CTRRF shares. CIBC restated a “neutral” rating on shares of CT Real Estate Investment Trust in a research note 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 investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, CT Real Estate Investment Trust currently has an average rating of “Hold”.

CT Real Estate Investment Trust Price Performance

Shares of OTCMKTS:CTRRF opened at $12.15 on Tuesday. The company has a 50 day moving average of $11.84 and a 200-day moving average of $11.76. CT Real Estate Investment Trust has a twelve month low of $9.55 and a twelve month high of $12.21.

CT Real Estate Investment Trust Company Profile

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.