The Automotive Properties Real Estate Investment Trust (APPTF) has observed a substantial increase in short interest during the month of April. As of April 30th, the total short interest reached 800 shares, marking a remarkable 700.0% surge from the previous total of 100 shares on April 15th. The current days-to-cover ratio stands at 0.5 days, considering the stock’s average daily trading volume of 1,600 shares.
Performance of APPTF Stock
On Friday, shares of Automotive Properties Real Estate Investment Trust opened at C$7.26. The stock’s fifty-day simple moving average stands at C$7.28, while its 200-day simple moving average is C$7.67. The 12-month low is at C$7.20, and the 12-month high is at C$8.92.
Understanding Automotive Properties Real Estate Investment Trust
Automotive Properties Real Estate Investment Trust is a company based in Canada that specializes in the ownership, acquisition, and development of automotive dealership properties. The company’s portfolio comprises various properties used for automotive purposes, including retail automotive dealerships, collision repair facilities, and other automobile-related businesses.
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