InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 3,308,200 shares, an increase 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 presently 870.6 days.
InterRent Real Estate Investment Trust Price Performance
OTCMKTS:IIPZF remained flat at $7.00 during midday trading on Friday. The company had a trading volume of 3,500 shares, compared to its average volume of 29,435. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -63.64 and a beta of 0.80. The firm has a fifty day moving average of $6.99 and a two-hundred day moving average of $8.04. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. InterRent Real Estate Investment Trust has a twelve month low of $6.57 and a twelve month high of $9.56.
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) earnings per share for the quarter. The firm had revenue of $44.75 million during the quarter. InterRent Real Estate Investment Trust had a negative net margin of 8.47% and a negative return on equity of 0.81%.
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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