Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Short Interest Down 19.1% in March
by Sarita Garza · The Markets DailyMedalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 7,608 shares, a decrease of 19.1% from the February 26th total of 9,410 shares. Based on an average daily volume of 1,423 shares, the short-interest ratio is presently 5.3 days. Currently, 0.9% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Medalist Diversified REIT in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Medalist Diversified REIT presently has an average rating of “Sell”.
Get Our Latest Research Report on MDRR
Medalist Diversified REIT Trading Up 0.2%
Shares of NASDAQ:MDRR traded up $0.02 during midday trading on Tuesday, hitting $11.43. The company had a trading volume of 2,356 shares, compared to its average volume of 1,263. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 1.36. Medalist Diversified REIT has a 12 month low of $9.55 and a 12 month high of $14.52. The firm has a fifty day simple moving average of $11.78 and a 200 day simple moving average of $12.68. The stock has a market cap of $16.35 million, a price-to-earnings ratio of -6.21 and a beta of 0.53.
Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The company reported ($0.43) EPS for the quarter. Medalist Diversified REIT had a negative net margin of 22.37% and a negative return on equity of 9.28%. The company had revenue of $2.82 million during the quarter.
Medalist Diversified REIT Company Profile
Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.