Dream Residential Real Estate Investment Trust (OTCMKTS:DRREF) Short Interest Update

totalling 1,000 shares, a decrease of 80.0% from the March 30th total of 5,000 shares. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is presently 0.1 days. The number of shares shorted dropped dramatically in April for Dream Residential Real Estate Investment Trust.

( ) saw a significant drop in short interest during the month of April. On April 30, there were 400 shares of short interest, which is a reduction of 20,0% from 500 shares on April 15. The short-interest rate is currently 0.1 days based on a daily average of 2,800 shares.

Dream Residential Real Estate Investment Trust Stock Performance

The price of the stock remained unchanged at C$8.37 in mid-day trading Monday. The trading volume for the company's shares was 400 shares compared to 2,546 average. Dream Residential Real Estate Investment Trust's 52-week low is C$6.58 while its 52-week high is C$10.00. Raymond James also reduced their price target for shares of Dream Residential Real Estate Investment Trust in a Friday, 5th May research note from C$11.25 down to C$10.00.

Dream Residential Real Estate Investment Trust Company profile

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Dream Residential REIT, a newly-created, unincorporated and open-ended, real estate investment trust, is governed under the laws of Ontario. The REIT has an initial portfolio consisting of 16 garden style multi-residential buildings, containing 3,432 apartments. These properties are located primarily in three markets within the Sunbelt region and Midwest of the United States.

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