Blue Ridge Real Estate Co. (OTCMKTS:BRRE) Short Interest Down 99.0% in June

Blue Ridge Real Estate Co. (OTCMKTS:BRRE) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1 shares, a decrease of 99.0% from the May 31st total of 101 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 19 shares, the days-to-cover ratio is presently 0.1 days.

Blue Ridge Real Estate Stock Performance

Shares of BRRE opened at $9.70 on Friday. The firm has a market cap of $23.38 million, a P/E ratio of -13.29 and a beta of 0.22. Blue Ridge Real Estate has a 12-month low of $7.00 and a 12-month high of $15.35. The company’s 50-day moving average price is $9.54 and its 200 day moving average price is $8.94.

Blue Ridge Real Estate (OTCMKTS:BRRE) last posted its earnings results on Monday, June 15th. The company reported ($0.52) EPS for the quarter. The company had revenue of $0.90 million during the quarter. Blue Ridge Real Estate had a negative net margin of 26.73% and a negative return on equity of 8.69%.

Blue Ridge Real Estate Company Profile

Blue Ridge Real Estate Company owns investment properties in Eastern Pennsylvania. It operates in three segments: Resort Operations, Real Estate Management/Rental Operations, and Land Resource Management. The Resort Operations segment operates amenities surrounding Big Boulder Lake, including Boulder View Tavern and Boulder Lake Club; the Jack Frost National Golf Course; and the Stretch fishing club. The Real Estate Management/Rental Operations segment owns investment properties that are leased to others located in Eastern Pennsylvania.