InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,194,000 shares, a growth of 19.5% from the October 31st total of 999,000 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 5,970.0 days.
Wall Street Analyst Weigh In
Several research firms recently issued reports on IIPZF. TD Securities upgraded shares of InterRent Real Estate Investment Trust from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 6th. Cibc World Mkts raised 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 shares of InterRent Real Estate Investment Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th.
View Our Latest Stock Report on IIPZF
InterRent Real Estate Investment Trust Stock Performance
Shares of OTCMKTS IIPZF remained flat at $7.70 during trading on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.14 billion, a PE ratio of -70.00 and a beta of 0.78. InterRent Real Estate Investment Trust has a fifty-two week low of $7.70 and a fifty-two week high of $10.14. The stock has a 50-day simple moving average of $8.65 and a 200-day simple moving average of $8.95.
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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