Irish Residential Properties REIT Plc (OTCMKTS:RSHPF) Sees Large Increase in Short Interest

Irish Residential Properties REIT Plc (OTCMKTS:RSHPF) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 600 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Irish Residential Properties REIT Price Performance

Shares of Irish Residential Properties REIT stock opened at $1.41 on Friday. The firm has a 50-day moving average of $1.36 and a 200-day moving average of $1.24. Irish Residential Properties REIT has a 52-week low of $1.04 and a 52-week high of $1.50.

Analyst Upgrades and Downgrades

Separately, Barclays reissued an “overweight” rating on shares of Irish Residential Properties REIT in a report on Monday, August 24th. One analyst has rated the stock with a Buy rating. According to MarketBeat, the stock currently has an average rating of “Buy”.

Irish Residential Properties REIT Company Profile

Irish Residential Properties REIT plc is an Irish real estate investment trust focused on owning, operating and managing residential rental properties. Its portfolio consists primarily of apartments and houses intended for long-term occupancy by individuals and families.

The company serves Ireland’s private rental housing market, with properties concentrated in the Greater Dublin Area and additional locations in other major Irish urban centers. Its activities include leasing homes to tenants, overseeing property and resident services, and maintaining and improving its residential communities.

Irish Residential Properties REIT was established in 2014 and became a publicly traded company that year.