Short Interest in Dream Residential Real Estate Investment Trust (OTCMKTS:DRREF) Drops By 92.9%

Dream Residential Real Estate Investment Trust (OTCMKTS:DRREF) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 92.9% from the February 29th total of 1,400 shares. Based on an average daily trading volume, of 3,100 shares, the short-interest ratio is presently 0.0 days.

Dream Residential Real Estate Investment Trust Stock Down 4.0 %

OTCMKTS:DRREF traded down C$0.28 during midday trading on Friday, hitting C$6.79. The company had a trading volume of 1,500 shares, compared to its average volume of 3,381. Dream Residential Real Estate Investment Trust has a 52-week low of C$5.39 and a 52-week high of C$9.24. The stock’s fifty day moving average price is C$6.77 and its 200-day moving average price is C$6.55.

Dream Residential Real Estate Investment Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a $0.035 dividend. The ex-dividend date is Wednesday, March 27th.

About Dream Residential Real Estate Investment Trust

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States.