InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Short Interest Up 19.5% in November

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

InterRent Real Estate Investment Trust Price Performance

InterRent Real Estate Investment Trust stock traded down $0.06 during mid-day trading on Monday, reaching $7.64. 59,961 shares of the company were exchanged, compared to its average volume of 2,144. The company has a fifty day simple moving average of $8.65 and a 200-day simple moving average of $8.95. The firm has a market cap of $1.13 billion, a PE ratio of -70.00 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.14. InterRent Real Estate Investment Trust has a 12 month low of $7.61 and a 12 month high of $10.14.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust Company Profile

(Get Free Report)

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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