MCAN Mortgage Co. (OTCMKTS:MAMTF) Sees Significant Drop in Short Interest

MCAN Mortgage Co. (OTCMKTS:MAMTF) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 30,300 shares, a drop of 32.5% from the February 13th total of 44,900 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 21.6 days.

MCAN Mortgage Price Performance

Shares of MAMTF stock remained flat at C$13.05 during trading on Friday. The company’s 50 day simple moving average is C$12.98 and its 200 day simple moving average is C$13.28. MCAN Mortgage has a one year low of C$11.13 and a one year high of C$13.97.

About MCAN Mortgage

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.