Short Interest in InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Declines By 29.7%

Key Points

• Short interest in InterRent Real Estate Investment Trust declined by 29.7% in September, falling from 922,900 shares to 649,000 shares.
• The company's stock opened at $9.60, with a market capitalization of $1.34 billion and a price-to-earnings ratio of -10.67.
• InterRent focuses on acquiring and managing multi-residential properties to enhance Unitholder value and create sustainable distributions.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - ) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 649,000 shares, a decrease of 29.7% from the August 31st total of 922,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 6,490.0 days. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 6,490.0 days.

InterRent Real Estate Investment Trust Price Performance

InterRent Real Estate Investment Trust stock opened at $9.60 on Monday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -10.67 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.22 and a current ratio of 0.22. InterRent Real Estate Investment Trust has a 1 year low of $6.57 and a 1 year high of $10.23. The company's 50 day simple moving average is $9.65 and its 200-day simple moving average is $9.12.

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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