InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Short Interest Update

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was the target of a significant growth in short interest in the month of 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 volume of 17,800 shares, the days-to-cover ratio is presently 134.4 days.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IIPZF. TD Securities upgraded shares of InterRent Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Cibc World Mkts 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 research note on Tuesday, November 5th.

InterRent Real Estate Investment Trust Price Performance

IIPZF stock opened at $7.05 on Friday. The firm has a market cap of $1.04 billion, a PE ratio of -64.09 and a beta of 0.75. InterRent Real Estate Investment Trust has a 12 month low of $7.05 and a 12 month high of $10.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $7.41 and a 200 day simple moving average of $8.58.

InterRent Real Estate Investment Trust Company Profile

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.