Plaza Retail REIT (OTCMKTS:PAZRF – Get Rating) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 19,800 shares, a growth of 182.9% from the June 15th total of 7,000 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 49.5 days.
Plaza Retail REIT stock opened at $3.28 on Friday. The firm has a 50-day moving average price of $3.47 and a 200-day moving average price of $3.68. Plaza Retail REIT has a 12-month low of $3.14 and a 12-month high of $4.02.
Separately, Canaccord Genuity Group cut shares of Plaza Retail REIT from a “buy” rating to a “hold” rating and set a C$5.00 price objective for the company. in a research note on Wednesday, April 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.94.
About Plaza Retail REIT (Get Rating)
Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza’s portfolio at September 30, 2020 includes interests in 272 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development.
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