Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Sees Significant Drop in Short Interest

Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,912,900 shares, a decrease of 24.4% from the August 31st total of 2,529,300 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 3,825.8 days.

Analysts Set New Price Targets

Separately, Raymond James began coverage on Choice Properties Real Estate Investment Trust in a research report on Friday, June 14th. They set an “outperform” rating and a $15.00 target price for the company.

Choice Properties Real Estate Investment Trust Stock Up 0.4 %

Shares of PPRQF stock traded up $0.05 during trading hours on Friday, reaching $11.20. 100 shares of the company’s stock were exchanged, compared to its average volume of 19,418. Choice Properties Real Estate Investment Trust has a fifty-two week low of $8.60 and a fifty-two week high of $11.30. The business has a fifty day moving average price of $10.53 and a 200-day moving average price of $10.01.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties. We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect.