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

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) saw a large drop in short interest in June. As of June 30th, there was short interest totalling 572,400 shares, a drop of 17.3% from the June 15th total of 692,500 shares. Based on an average trading volume of 1,200 shares, the short-interest ratio is presently 477.0 days.

Analyst Upgrades and Downgrades

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

BOWFF stock traded down $0.47 during mid-day trading on Tuesday, hitting $54.24. 2,287 shares of the company were exchanged, compared to its average volume of 2,297. The business has a 50 day simple moving average of $52.18 and a 200-day simple moving average of $53.42. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $2.68 billion, a PE ratio of 19.65 and a beta of 1.49. Boardwalk Real Estate Investment Trust has a 1-year low of $46.00 and a 1-year high of $58.95.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter. The firm 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%.

Boardwalk Real Estate Investment Trust Company Profile

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.