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

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was the target of a significant increase in short interest during the month of 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 daily volume of 5,400 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

Separately, TD Securities initiated coverage on Flagship Communities Real Estate Investment Trust in a research note on Friday, March 7th. They set a “buy” rating on the stock.

Flagship Communities Real Estate Investment Trust Stock Performance

Flagship Communities Real Estate Investment Trust stock traded up $0.59 during mid-day trading on Wednesday, hitting $17.59. The company’s stock had a trading volume of 327 shares, compared to its average volume of 6,326. The company has a 50 day moving average of $15.08 and a 200-day moving average of $15.18. Flagship Communities Real Estate Investment Trust has a one year low of $13.13 and a one year high of $17.59.

Flagship Communities Real Estate Investment Trust Dividend Announcement

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

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.