Reven Housing Reit Inc (NASDAQ:RVEN) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 23,700 shares, a drop of 9.9% from the June 30th total of 26,300 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 1,300 shares, the short-interest ratio is presently 18.2 days.
RVEN traded down $0.58 during midday trading on Thursday, hitting $4.29. 138 shares of the company were exchanged, compared to its average volume of 1,273. The company’s 50 day simple moving average is $4.21 and its 200 day simple moving average is $3.85. Reven Housing Reit has a 1-year low of $2.59 and a 1-year high of $6.01.
Separately, ValuEngine downgraded Reven Housing Reit from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd.
Reven Housing REIT, Inc, (NASDAQ:RVEN) engages in the acquisition and ownership of portfolios of occupied single family rental properties in the United States. RVEN currently owns and operates SFR's in Alabama, Florida, Georgia, Mississippi, Tennessee, Oklahoma, Texas and intends to expand throughout the United States.
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