InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Sees Significant Decrease in Short Interest

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 718,200 shares, a decline of 8.3% from the June 30th total of 783,300 shares. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is presently 448.9 days.

InterRent Real Estate Investment Trust Stock Performance

Shares of IIPZF stock remained flat at $9.41 on Tuesday. The company had a trading volume of 1,573 shares, compared to its average volume of 536. InterRent Real Estate Investment Trust has a 52-week low of $8.38 and a 52-week high of $10.14. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.37 billion, a PE ratio of 22.57 and a beta of 0.75. The business has a 50 day moving average of $8.95 and a two-hundred day moving average of $9.40.

About InterRent Real Estate Investment Trust

InterRent?REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution?through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within?markets that have exhibited stable market vacancies,?sufficient suites available to attain the critical mass necessary to implement?an efficient portfolio management structure, and?offer opportunities for accretive acquisitions.