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

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

Analysts Set New Price Targets

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

Flagship Communities Real Estate Investment Trust Trading Up 3.5 %

Shares of OTCMKTS MHCUF traded up $0.59 during trading hours on Wednesday, hitting $17.59. 327 shares of the stock were exchanged, compared to its average volume of 6,326. Flagship Communities Real Estate Investment Trust has a 12 month low of $13.13 and a 12 month high of $17.59. The firm has a fifty day moving average price of $15.08 and a 200-day moving average price of $15.18.

Flagship Communities Real Estate Investment Trust Announces Dividend

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

Flagship Communities Real Estate Investment Trust Company Profile

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.