Nexus Industrial REIT (OTCMKTS:EFRTF) Short Interest Down 30.3% in June

Nexus Industrial REIT (OTCMKTS:EFRTF) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 446,400 shares, a decrease of 30.3% from the May 31st total of 640,900 shares. Based on an average daily trading volume, of 18,800 shares, the short-interest ratio is currently 23.7 days.

Nexus Industrial REIT Trading Up 4.2 %

Shares of Nexus Industrial REIT stock traded up $0.21 during trading hours on Monday, reaching $5.23. The stock had a trading volume of 500 shares, compared to its average volume of 6,136. The stock’s 50 day moving average is $5.14 and its 200 day moving average is $5.57. Nexus Industrial REIT has a twelve month low of $4.55 and a twelve month high of $6.40.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their target price on Nexus Industrial REIT from $9.00 to $8.50 and set a “sector perform” rating on the stock in a research note on Monday, March 18th.

About Nexus Industrial REIT

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 116 properties (including two properties held for development in which the REIT has an 80% interest) comprising approximately 12.4 million square feet of gross leasable area.