Mainstreet Equity Corp. (OTCMKTS:MEQYF) Sees Large Drop in Short Interest

Mainstreet Equity Corp. (OTCMKTS:MEQYF) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 1,400 shares, a drop of 26.3% from the December 31st total of 1,900 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 4.7 days.

Mainstreet Equity Price Performance

Shares of MEQYF opened at $140.66 on Friday. The firm has a 50-day moving average of $142.42 and a 200-day moving average of $140.96. Mainstreet Equity has a one year low of $123.20 and a one year high of $148.68.

About Mainstreet Equity

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.