Killam Apartment REIT (OTCMKTS:KMMPF) Short Interest Up 105.0% in May

Killam Apartment REIT (OTCMKTS:KMMPF) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 1,134,700 shares, an increase of 105.0% from the May 15th total of 553,600 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 1,621.0 days.

Killam Apartment REIT Stock Performance

Killam Apartment REIT stock traded down $0.15 during midday trading on Friday, reaching $12.47. The company’s stock had a trading volume of 300 shares, compared to its average volume of 2,204. Killam Apartment REIT has a 52 week low of $11.32 and a 52 week high of $14.55. The business has a 50-day moving average price of $12.61 and a 200-day moving average price of $13.48.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $4.9 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations; 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties; and 3) developing high-quality properties in its core markets.