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

Mainstreet Equity Corp. (OTCMKTS:MEQYF) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 1,900 shares, a drop of 67.8% from the November 30th total of 5,900 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 3.8 days.

Mainstreet Equity Price Performance

Shares of OTCMKTS MEQYF remained flat at $145.00 during mid-day trading on Friday. Mainstreet Equity has a 1 year low of $123.20 and a 1 year high of $148.68. The company’s 50-day moving average price is $144.96 and its two-hundred day moving average price is $139.52.

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.