InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Short Interest Up 35.1% in February

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 3,308,200 shares, an increase of 35.1% from the January 31st total of 2,448,500 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 870.6 days.

InterRent Real Estate Investment Trust Stock Down 2.3 %

InterRent Real Estate Investment Trust stock opened at $6.79 on Tuesday. The firm has a 50 day simple moving average of $7.00 and a 200 day simple moving average of $8.07. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. InterRent Real Estate Investment Trust has a 1-year low of $6.57 and a 1-year high of $9.56. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -61.73 and a beta of 0.75.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) last announced its quarterly earnings results on Monday, February 24th. The company reported ($0.52) EPS for the quarter. InterRent Real Estate Investment Trust had a negative net margin of 8.47% and a negative return on equity of 0.81%. The firm had revenue of $44.75 million during the quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Cibc World Mkts upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. TD Securities upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. Finally, Canaccord Genuity Group upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th.

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.