InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 5,078,500 shares, a growth of 25.9% from the March 15th total of 4,033,600 shares. Currently, 3.7% of the company's shares are sold short. Based on an average daily volume of 145,200 shares, the days-to-cover ratio is currently 35.0 days.
InterRent Real Estate Investment Trust Trading Up 4.9 %
Shares of OTCMKTS:IIPZF traded up $0.37 on Wednesday, hitting $7.95. The company had a trading volume of 28,799 shares, compared to its average volume of 77,065. InterRent Real Estate Investment Trust has a 1 year low of $6.57 and a 1 year high of $9.56. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. The firm's 50-day simple moving average is $7.31 and its two-hundred day simple moving average is $7.55. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -72.27 and a beta of 0.68.
InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported ($0.52) EPS for the quarter. InterRent Real Estate Investment Trust had a negative return on equity of 0.81% and a negative net margin of 8.47%. The company had revenue of $44.75 million during the quarter.
About InterRent Real Estate Investment Trust
(
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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.
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