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 in 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 days-to-cover ratio is presently 1,761.3 days.

InterRent Real Estate Investment Trust Price Performance

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

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.