InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Short Interest Up 25.9% in March

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 5,078,500 shares, an increase of 25.9% from the March 15th total of 4,033,600 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average trading volume of 145,200 shares, the days-to-cover ratio is presently 35.0 days.

InterRent Real Estate Investment Trust Stock Performance

IIPZF stock remained flat at $7.58 during mid-day trading on Friday. 87,879 shares of the company’s stock traded hands, compared to its average volume of 79,606. The stock’s 50 day moving average is $7.28 and its two-hundred day moving average is $7.58. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -68.91 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 1.19. InterRent Real Estate Investment Trust has a 52-week low of $6.57 and a 52-week high of $9.56.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) last issued its quarterly earnings results on Monday, February 24th. The company reported ($0.52) earnings per share (EPS) for the quarter. The business 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

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.