InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Sees Significant Decrease in Short Interest

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 704,500 shares, a drop of 5.3% from the May 15th total of 743,800 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 1,761.3 days.

InterRent Real Estate Investment Trust Stock Performance

Shares of OTCMKTS:IIPZF opened at $8.75 on Tuesday. InterRent Real Estate Investment Trust has a 52-week low of $8.38 and a 52-week high of $10.14. The company has a market capitalization of $1.27 billion, a P/E ratio of 20.97 and a beta of 0.75. The company has a 50-day simple moving average of $8.89 and a 200 day simple moving average of $9.54. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.86 and a current ratio of 0.86.

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.