Short Interest in InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Expands By 19.5%

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,194,000 shares, an increase of 19.5% from the October 31st total of 999,000 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 5,970.0 days.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IIPZF. Cibc World Mkts raised shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. TD Securities upgraded InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th.

InterRent Real Estate Investment Trust Price Performance

InterRent Real Estate Investment Trust stock opened at $7.70 on Friday. The stock has a market capitalization of $1.14 billion, a P/E ratio of -70.00 and a beta of 0.78. The company’s fifty day moving average price is $8.65 and its 200 day moving average price is $8.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.14 and a current ratio of 2.14. InterRent Real Estate Investment Trust has a 1 year low of $7.70 and a 1 year high of $10.14.

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.