Short Interest in InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Rises By 134.4%

Key Points

• Short interest in InterRent Real Estate Investment Trust increased by 134.4% in September, reaching a total of 1,521,300 shares.
• The stock's short-interest ratio stands at 276.6 days, indicating a significant amount of shares sold short relative to its trading volume.
• InterRent's stock price remained stable at $9.60, with a market capitalization of $1.34 billion and a notable price-to-earnings ratio of -10.67.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - ) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,521,300 shares, an increase of 134.4% from the September 15th total of 649,000 shares. Based on an average daily trading volume, of 5,500 shares, the short-interest ratio is currently 276.6 days. Based on an average daily trading volume, of 5,500 shares, the short-interest ratio is currently 276.6 days.

InterRent Real Estate Investment Trust Stock Performance

Shares of InterRent Real Estate Investment Trust stock remained flat at $9.60 during mid-day trading on Friday. The stock has a 50-day moving average price of $9.65 and a 200-day moving average price of $9.24. InterRent Real Estate Investment Trust has a 12 month low of $6.57 and a 12 month high of $10.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.22 and a current ratio of 0.22. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -10.67 and a beta of 0.92.

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.

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