Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Sees Large Decline in Short Interest

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 850,000 shares, a decrease of 15.4% from the May 15th total of 1,005,100 shares. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is presently 170.0 days.

Analyst Ratings Changes

Separately, Scotiabank upgraded shares of Boardwalk Real Estate Investment Trust to a “hold” rating in a research note on Friday, May 10th.

Boardwalk Real Estate Investment Trust Stock Performance

OTCMKTS BOWFF opened at $51.45 on Monday. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 18.48 and a beta of 1.45. The company has a fifty day moving average price of $52.61 and a 200-day moving average price of $53.47. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. Boardwalk Real Estate Investment Trust has a 1 year low of $44.84 and a 1 year high of $58.95.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $4.62 earnings per share for the quarter. The company had revenue of $107.71 million during the quarter. Boardwalk Real Estate Investment Trust had a net margin of 134.22% and a return on equity of 17.93%.

About Boardwalk Real Estate Investment Trust

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.