Short Interest in InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Decreases By 53.3%

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 2,203,100 shares, a decline of 53.3% from the May 15th total of 4,718,600 shares. Based on an average daily trading volume, of 296,700 shares, the short-interest ratio is presently 7.4 days. Currently, 1.6% of the shares of the company are sold short.

InterRent Real Estate Investment Trust Stock Performance

Shares of IIPZF traded up $0.08 during trading hours on Tuesday, reaching $10.06. 162,960 shares of the company traded hands, compared to its average volume of 140,719. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average price of $8.61 and a 200-day moving average price of $7.69. InterRent Real Estate Investment Trust has a 12-month low of $6.57 and a 12-month high of $10.06. The stock has a market capitalization of $1.41 billion, a P/E ratio of -11.84 and a beta of 0.89.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.10 EPS for the quarter. InterRent Real Estate Investment Trust had a negative return on equity of 7.01% and a negative net margin of 70.17%.

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.