InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Short Interest Down 23.3% in March

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 880,300 shares, a drop of 23.3% from the March 15th total of 1,147,500 shares. Based on an average trading volume of 500 shares, the short-interest ratio is currently 1,760.6 days.

InterRent Real Estate Investment Trust Stock Performance

Shares of InterRent Real Estate Investment Trust stock remained flat at $8.89 during trading hours on Monday. The firm’s 50-day simple moving average is $9.99 and its two-hundred day simple moving average is $9.63. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.29 billion, a P/E ratio of 18.92 and a beta of 0.72. InterRent Real Estate Investment Trust has a 52-week low of $8.38 and a 52-week high of $10.14.

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.