Reven Housing Reit Inc (NASDAQ:RVEN) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 23,700 shares, a decrease of 9.9% from the June 30th total of 26,300 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is currently 18.2 days.
Separately, ValuEngine lowered Reven Housing Reit from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd.
Reven Housing Reit stock traded down $0.58 during mid-day trading on Thursday, reaching $4.29. 138 shares of the company were exchanged, compared to its average volume of 1,273. The business has a fifty day moving average of $4.21 and a 200 day moving average of $3.85. Reven Housing Reit has a 12-month low of $2.59 and a 12-month high of $6.01.
Reven Housing REIT, Inc, (NASDAQ:RVEN) engages in the acquisition and ownership of portfolios of occupied single family rental properties in the United States. RVEN currently owns and operates SFR's in Alabama, Florida, Georgia, Mississippi, Tennessee, Oklahoma, Texas and intends to expand throughout the United States.
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