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

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

InterRent Real Estate Investment Trust Price Performance

OTCMKTS:IIPZF traded down $0.01 during trading hours on Friday, hitting $9.99. The stock had a trading volume of 21,531 shares, compared to its average volume of 95,196. The company has a 50 day simple moving average of $8.50 and a two-hundred day simple moving average of $7.65. 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 one year low of $6.57 and a one year high of $10.02. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -90.77 and a beta of 0.89.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) last announced 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 net margin of 8.47% and a negative return on equity of 0.81%.

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.

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