InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Short Interest Up 35.1% in February

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 3,308,200 shares, a growth of 35.1% from the January 31st total of 2,448,500 shares. Based on an average trading volume of 3,800 shares, the short-interest ratio is currently 870.6 days.

InterRent Real Estate Investment Trust Stock Performance

Shares of InterRent Real Estate Investment Trust stock traded up $0.01 on Wednesday, reaching $6.80. 49,838 shares of the stock were exchanged, compared to its average volume of 29,860. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.00 billion, a PE ratio of -61.82 and a beta of 0.75. InterRent Real Estate Investment Trust has a 1-year low of $6.57 and a 1-year high of $9.56. The business has a fifty day moving average price of $7.00 and a two-hundred day moving average price of $8.06.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) last posted its quarterly earnings results on Monday, February 24th. The company reported ($0.52) EPS for the quarter. InterRent Real Estate Investment Trust had a negative net margin of 8.47% and a negative return on equity of 0.81%. The business had revenue of $44.75 million during the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Cibc World Mkts upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. TD Securities upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. Finally, Canaccord Genuity Group raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th.

InterRent Real Estate Investment Trust Company Profile

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.