Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Short Interest Up 1,040.0% in March

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 5,700 shares, an increase of 1,040.0% from the February 28th total of 500 shares. Based on an average trading volume of 5,400 shares, the short-interest ratio is currently 1.1 days.

Flagship Communities Real Estate Investment Trust Stock Performance

OTCMKTS:MHCUF remained flat at $17.59 on Thursday. Flagship Communities Real Estate Investment Trust has a 12-month low of $13.13 and a 12-month high of $17.59. The business’s fifty day moving average price is $15.08 and its 200-day moving average price is $15.18.

Flagship Communities Real Estate Investment Trust Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.0517 per share. The ex-dividend date of this dividend is Monday, March 31st.

Wall Street Analyst Weigh In

Separately, TD Securities began coverage on shares of Flagship Communities Real Estate Investment Trust in a research note on Friday, March 7th. They issued a “buy” rating for the company.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate a portfolio of income-producing manufactured housing communities located in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured homes for lease to residents of such housing communities.