True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Sees Large Drop in Short Interest

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 88,900 shares, a decline of 60.7% from the November 30th total of 226,300 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 177.8 days.

True North Commercial Real Estate Investment Trust Price Performance

TUERF stock opened at $7.60 on Friday. The company’s 50-day moving average is $8.35 and its 200-day moving average is $7.67. True North Commercial Real Estate Investment Trust has a 1 year low of $3.86 and a 1 year high of $9.72.

About True North Commercial Real Estate Investment Trust

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 44 commercial properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants.