Short Interest in Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Rises By 50.3%

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 439,526 shares, an increase of 50.3% from the July 30th total of 292,508 shares. Based on an average daily trading volume, of 13,470 shares, the short-interest ratio is currently 32.6 days. Approximately 1.2% of the shares of the company are short sold.

Boardwalk Real Estate Investment Trust Trading Down 0.4%

Shares of BOWFF opened at $45.72 on Tuesday. Boardwalk Real Estate Investment Trust has a 12-month low of $43.33 and a 12-month high of $52.35. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -61.78 and a beta of 0.91. The stock’s 50-day moving average price is $46.41 and its 200 day moving average price is $47.09.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported ($0.21) EPS for the quarter. The firm had revenue of $116.24 million during the quarter. Boardwalk Real Estate Investment Trust had a negative net margin of 4.86% and a negative return on equity of 0.65%.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust is a Canada-based residential landlord specializing in multi-family rental apartments and manufactured home communities. The trust’s business model centers on acquiring, developing and managing residential properties that deliver stable, long-term cash flows. Boardwalk’s portfolio has historically included tens of thousands of residential suites and home sites spread across key Canadian markets.

The company’s core activities encompass property acquisition, asset management, and day-to-day property operations.