NewRiver REIT plc (OTCMKTS:NRWRF – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 1 shares, a drop of 100.0% from the September 30th total of 3,461 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.
Analyst Upgrades and Downgrades
Separately, Barclays reaffirmed an “overweight” rating on shares of NewRiver REIT in a research note on Monday, August 24th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
Read Our Latest Stock Analysis on NRWRF
NewRiver REIT Price Performance
Shares of NRWRF opened at $1.02 on Tuesday. NewRiver REIT has a 1 year low of $1.02 and a 1 year high of $1.05. The company’s 50-day simple moving average is $1.02 and its 200-day simple moving average is $1.00.
NewRiver REIT Company Profile
NewRiver REIT plc is a United Kingdom-focused real estate investment trust that owns, manages and develops retail and leisure property. Its portfolio is centered on convenience-led assets intended to serve local communities, including shopping centres, retail parks, high-street properties and other commercial locations.
The company works with retailers, leisure operators and other occupiers to manage its properties, attract tenants and enhance the long-term performance of its assets. NewRiver has also historically invested in community and leisure-related property businesses, including public houses, as part of its broader strategy of owning commercially focused real estate.
NewRiver was established in 2009 and became a publicly listed REIT on the London Stock Exchange in 2014.
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