Short Interest in True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Decreases By 40.9%

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True North Commercial Real Estate Investment Trust (OTCMKTS:TUERFGet Rating) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 118,600 shares, a drop of 40.9% from the June 30th total of 200,800 shares. Based on an average daily trading volume, of 12,700 shares, the short-interest ratio is presently 9.3 days.

True North Commercial Real Estate Investment Trust Stock Performance

TUERF stock opened at $5.00 on Friday. The business’s 50-day moving average price is $5.01 and its two-hundred day moving average price is $5.39. True North Commercial Real Estate Investment Trust has a 1-year low of $3.86 and a 1-year high of $6.20.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. National Bank Financial reduced their price target on True North Commercial Real Estate Investment Trust from C$7.00 to C$6.00 in a research report on Wednesday, July 20th. Raymond James reduced their price target on True North Commercial Real Estate Investment Trust from C$7.75 to C$7.00 in a research report on Monday, May 9th. Industrial Alliance Securities assumed coverage on True North Commercial Real Estate Investment Trust in a research report on Wednesday, June 8th. They issued a “hold” rating and a C$7.00 price target on the stock. Finally, Canaccord Genuity Group reduced their price target on True North Commercial Real Estate Investment Trust from C$7.00 to C$6.75 in a research report on Tuesday, May 10th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, True North Commercial Real Estate Investment Trust currently has a consensus rating of “Hold” and a consensus price target of $7.00.

True North Commercial Real Estate Investment Trust Company Profile

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The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 48 commercial properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants.

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