BTB Real Estate Investment Trust (OTCMKTS:BTBIF) Sees Large Drop in Short Interest

BTB Real Estate Investment Trust (OTCMKTS:BTBIF) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 4,400 shares, a decline of 29.0% from the August 15th total of 6,200 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is presently 2.4 days.

BTB Real Estate Investment Trust stock opened at $3.14 on Tuesday. The stock has a fifty day simple moving average of $3.26 and a two-hundred day simple moving average of $3.32. BTB Real Estate Investment Trust has a 12 month low of $2.05 and a 12 month high of $3.55.

Separately, National Bank Financial increased their price target on shares of BTB Real Estate Investment Trust from C$4.35 to C$4.50 and gave the company a “sector perform” rating in a report on Thursday, August 12th.

About BTB Real Estate Investment Trust

BTB Real Estate Investment Trust engages in the ownership of properties in eastern Canada. The firm offers management philosophy, sentinelle, boma best, and sustainable development services. It operates through the following segments: Office, Retail, and Industrial. The company was founded by Michel Leonard on July 12, 2006 and is headquartered in Montréal, Canada.

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