Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Sees Significant Increase in Short Interest

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 638,700 shares, an increase of 39.7% from the August 15th total of 457,300 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 114.1 days.

Boardwalk Real Estate Investment Trust Trading Up 0.3 %

OTCMKTS BOWFF traded up $0.22 on Friday, hitting $67.18. The company’s stock had a trading volume of 13,423 shares, compared to its average volume of 5,863. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. Boardwalk Real Estate Investment Trust has a 52-week low of $46.06 and a 52-week high of $71.39. The company’s 50-day simple moving average is $59.27 and its 200 day simple moving average is $55.63. The firm has a market cap of $3.32 billion, a P/E ratio of 5.69 and a beta of 1.51.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.70 EPS for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.76% and a net margin of 118.04%. The business had revenue of $108.95 million for the quarter.

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.