InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Short Interest Up 35.1% in February

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 3,308,200 shares, a growth of 35.1% from the January 31st total of 2,448,500 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is currently 870.6 days.

Wall Street Analyst Weigh In

IIPZF has been the subject of several research reports. Cibc World Mkts raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. TD Securities 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 upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th.

InterRent Real Estate Investment Trust Price Performance

Shares of InterRent Real Estate Investment Trust stock traded up $0.01 during trading on Wednesday, hitting $6.80. 49,838 shares of the company were exchanged, compared to its average volume of 29,860. The firm has a 50 day moving average price of $7.00 and a 200 day moving average price of $8.06. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -61.82 and a beta of 0.75. 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 fifty-two week low of $6.57 and a fifty-two week high of $9.56.

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