Blue Ridge Real Estate Co. (OTCMKTS:BRRE) Short Interest Down 99.0% in June

Blue Ridge Real Estate Co. (OTCMKTS:BRRE) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1 shares, a drop of 99.0% from the May 31st total of 101 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 19 shares, the days-to-cover ratio is currently 0.1 days.

Blue Ridge Real Estate Price Performance

OTCMKTS:BRRE remained flat at $9.70 during mid-day trading on Thursday. 1 shares of the company traded hands, compared to its average volume of 186. The stock has a market cap of $23.38 million, a PE ratio of -13.29 and a beta of 0.22. Blue Ridge Real Estate has a one year low of $7.00 and a one year high of $15.35. The stock has a 50 day moving average price of $9.52 and a 200 day moving average price of $8.94.

Blue Ridge Real Estate (OTCMKTS:BRRE) last posted its quarterly earnings data on Monday, June 15th. The company reported ($0.52) earnings per share for the quarter. The firm had revenue of $0.90 million during the quarter. Blue Ridge Real Estate had a negative return on equity of 8.69% and a negative net margin of 26.73%.

About Blue Ridge Real Estate

Blue Ridge Real Estate Company owns investment properties in Eastern Pennsylvania. It operates in three segments: Resort Operations, Real Estate Management/Rental Operations, and Land Resource Management. The Resort Operations segment operates amenities surrounding Big Boulder Lake, including Boulder View Tavern and Boulder Lake Club; the Jack Frost National Golf Course; and the Stretch fishing club. The Real Estate Management/Rental Operations segment owns investment properties that are leased to others located in Eastern Pennsylvania.