Primaris Real Estate Investment Trust (OTCMKTS:PMREF) Short Interest Down 21.6% in August

Posted by Matthew Steigler on Sep 16th, 2024

Primaris Real Estate Investment Trust (OTCMKTS:PMREF – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 420,800 shares, a decline of 21.6% from the August 15th total of 536,600 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is currently 263.0 days.

Primaris Real Estate Investment Trust Trading Up 5.1 %

PMREF opened at C$11.21 on Monday. The firm has a fifty day moving average price of C$10.24 and a 200 day moving average price of C$9.94. Primaris Real Estate Investment Trust has a 1 year low of C$9.25 and a 1 year high of C$11.21.

Primaris Real Estate Investment Trust Company Profile

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Primaris is Canada's only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 billion at Primaris' share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform.