InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Sees Significant Increase in Short Interest

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,391,700 shares, a growth of 70.3% from the December 15th total of 1,404,000 shares. Based on an average daily volume of 17,800 shares, the days-to-cover ratio is currently 134.4 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. TD Securities upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Cibc World Mkts upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

InterRent Real Estate Investment Trust Stock Performance

InterRent Real Estate Investment Trust stock remained flat at $7.05 during mid-day trading on Friday. The company’s stock had a trading volume of 313,847 shares, compared to its average volume of 30,196. The stock has a market cap of $1.04 billion, a P/E ratio of -64.09 and a beta of 0.75. InterRent Real Estate Investment Trust has a 1-year low of $7.05 and a 1-year high of $10.08. The firm’s 50-day moving average is $7.41 and its two-hundred day moving average is $8.58. 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 Company Profile

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.