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

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

Boardwalk Real Estate Investment Trust Price Performance

Shares of BOWFF traded up $0.56 during midday trading on Friday, hitting $46.34. 14,682 shares of the company traded hands, compared to its average volume of 13,875. The firm has a 50 day moving average of $46.23 and a 200-day moving average of $47.38. Boardwalk Real Estate Investment Trust has a 52 week low of $43.33 and a 52 week high of $52.35. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -62.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.26 and a current ratio of 0.26.

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

About Boardwalk Real Estate Investment Trust

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.