Short Interest in Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Grows By 96.0%

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 292,508 shares, a growth of 96.0% from the July 15th total of 149,274 shares. Based on an average daily trading volume, of 13,248 shares, the short-interest ratio is presently 22.1 days. Approximately 0.8% of the shares of the stock are sold short.

Boardwalk Real Estate Investment Trust Price Performance

OTCMKTS:BOWFF traded up $0.56 on Friday, reaching $46.34. 14,682 shares of the company’s stock traded hands, compared to its average volume of 13,875. The stock has a 50-day simple moving average of $46.23 and a 200-day simple moving average of $47.38. Boardwalk Real Estate Investment Trust has a 12 month low of $43.33 and a 12 month high of $52.35. The firm has a market cap of $2.11 billion, a PE ratio of -62.62 and a beta of 0.91. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.61.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last released its earnings results on Tuesday, July 28th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $116.24 million for the quarter. Boardwalk Real Estate Investment Trust had a negative return on equity of 0.64% and a negative net margin of 4.86%.

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.