Short Interest in InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Increases By 70.3%

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 2,391,700 shares, a growth of 70.3% from the December 15th total of 1,404,000 shares. Based on an average daily trading volume, of 17,800 shares, the days-to-cover ratio is presently 134.4 days.

InterRent Real Estate Investment Trust Stock Performance

IIPZF remained flat at $7.05 during midday trading on Friday. The company’s stock had a trading volume of 313,847 shares, compared to its average volume of 30,196. InterRent Real Estate Investment Trust has a 12-month low of $7.05 and a 12-month high of $10.08. The stock has a market capitalization of $1.04 billion, a PE ratio of -64.09 and a beta of 0.75. The firm has a fifty day simple moving average of $7.41 and a two-hundred day simple moving average of $8.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.19.

Wall Street Analyst Weigh In

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

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.