Chartwell Retirement Residences (OTCMKTS:CWSRF) Short Interest Update

Chartwell Retirement Residences (OTCMKTS:CWSRF) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 386,200 shares, a decrease of 40.2% from the May 31st total of 645,900 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is currently 386.2 days.

Wall Street Analyst Weigh In

Separately, Desjardins started coverage on Chartwell Retirement Residences in a report on Thursday, April 11th. They set a “buy” rating and a $15.00 price target for the company.

Chartwell Retirement Residences Price Performance

Shares of Chartwell Retirement Residences stock traded up $0.06 during midday trading on Friday, reaching $9.38. The company had a trading volume of 2,400 shares, compared to its average volume of 6,554. The stock has a fifty day moving average price of $9.24 and a 200 day moving average price of $9.03. Chartwell Retirement Residences has a fifty-two week low of $6.86 and a fifty-two week high of $9.50.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.