Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Sees Large Growth in Short Interest

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 292,508 shares, a growth of 96.0% from the July 15th total of 149,274 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 13,248 shares, the short-interest ratio is currently 22.1 days.

Boardwalk Real Estate Investment Trust Stock Performance

OTCMKTS BOWFF opened at $46.34 on Tuesday. The company has a 50-day simple moving average of $46.25 and a two-hundred day simple moving average of $47.34. Boardwalk Real Estate Investment Trust has a 12-month low of $43.33 and a 12-month high of $52.35. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -62.62 and a beta of 0.91. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.61.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported ($0.21) EPS for the quarter. The company had revenue of $116.24 million during the quarter. Boardwalk Real Estate Investment Trust had a negative return on equity of 0.64% and a negative net margin of 4.86%.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust is a Canada-based residential landlord specializing in multi-family rental apartments and manufactured home communities. The trust’s business model centers on acquiring, developing and managing residential properties that deliver stable, long-term cash flows. Boardwalk’s portfolio has historically included tens of thousands of residential suites and home sites spread across key Canadian markets.

The company’s core activities encompass property acquisition, asset management, and day-to-day property operations.