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

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

InterRent Real Estate Investment Trust Trading Down 2.3 %

OTCMKTS:IIPZF opened at $6.79 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -61.73 and a beta of 0.75. InterRent Real Estate Investment Trust has a 52 week low of $6.57 and a 52 week high of $9.56. The firm has a 50-day moving average price of $7.00 and a two-hundred day moving average price of $8.07.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on IIPZF. 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. TD Securities 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, 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.

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.