Nexus Industrial REIT (OTCMKTS:EFRTF) Sees Large Growth in Short Interest

Nexus Industrial REIT (OTCMKTS:EFRTF) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 508,500 shares, an increase of 9.7% from the December 31st total of 463,400 shares. Based on an average daily trading volume, of 88,800 shares, the days-to-cover ratio is currently 5.7 days.

Nexus Industrial REIT Stock Down 4.3 %

Shares of EFRTF stock opened at $4.90 on Tuesday. The business has a 50-day moving average price of $5.39 and a two-hundred day moving average price of $5.81. Nexus Industrial REIT has a 12-month low of $4.76 and a 12-month high of $6.66.

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.