Could TRICON CAP GROUP INC COMMON SHARES CANA (OTCMKTS:TCNGF) See a Reversal After More Sellers Came In?

July 13, 2018 - By Benjamin Allen

The stock of TRICON CAP GROUP INC COMMON SHARES CANA (OTCMKTS:TCNGF) registered an increase of 1.85% in short interest. TCNGF’s total short interest was 902,800 shares in July as published by FINRA. Its up 1.85% from 886,400 shares, reported previously. With 5,500 shares average volume, it will take short sellers 164 days to cover their TCNGF’s short positions. The short interest to TRICON CAP GROUP INC COMMON SHARES CANA’s float is 0.71%.

It closed at $8.181 lastly. It is down 0.00% since July 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Tricon Capital Group Inc. is a principal investor and asset manager focused on the residential real estate industry in North America. The company has market cap of $1.13 billion. The firm owns and manages on behalf of third-party investors a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family development projects. It has a 8.46 P/E ratio. The business objective of the firm is to invest for investment income and capital appreciation through its principal investment business and to earn fee income through private funds and advisory business.

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