InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Sees Large Growth in Short Interest

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Rating) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 178,100 shares, an increase of 27.5% from the November 30th total of 139,700 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 593.7 days.

Wall Street Analysts Forecast Growth

IIPZF has been the topic of a number of recent research reports. BMO Capital Markets lowered their price target on shares of InterRent Real Estate Investment Trust from C$15.00 to C$14.50 in a research report on Monday, November 14th. Royal Bank of Canada reduced their objective price on shares of InterRent Real Estate Investment Trust from C$18.00 to C$16.50 in a research note on Monday, November 14th. Raymond James upgraded shares of InterRent Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, December 7th. Finally, Scotiabank reduced their price objective on shares of InterRent Real Estate Investment Trust from C$16.50 to C$15.50 in a research note on Friday, November 4th.

InterRent Real Estate Investment Trust Trading Up 0.2%

IIPZF opened at $9.47 on Friday. The company’s 50-day moving average is $9.04 and its 200-day moving average is $9.27. InterRent Real Estate Investment Trust has a 1-year low of $8.06 and a 1-year high of $13.29. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.34 billion, a P/E ratio of 22.24 and a beta of 0.65.

InterRent Real Estate Investment Trust Company Profile

(Get Rating)

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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