Killam Apartment REIT (OTCMKTS:KMMPF) Sees Large Growth in Short Interest

Killam Apartment REIT (OTCMKTS:KMMPF) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,049,300 shares, a growth of 19.5% from the February 13th total of 1,714,900 shares. Based on an average trading volume of 30,900 shares, the days-to-cover ratio is presently 66.3 days.

Killam Apartment REIT Stock Performance

Shares of Killam Apartment REIT stock traded up $0.25 during trading on Tuesday, hitting $11.91. The company’s stock had a trading volume of 29,506 shares, compared to its average volume of 19,812. Killam Apartment REIT has a 52 week low of $11.02 and a 52 week high of $15.75. The stock has a 50-day moving average price of $11.51 and a two-hundred day moving average price of $12.99.

Killam Apartment REIT Company Profile

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $4.9 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations; 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties; and 3) developing high-quality properties in its core markets.