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

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) was the recipient of a large 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 volume of 13,470 shares, the days-to-cover ratio is presently 32.6 days. Currently, 1.2% of the shares of the company are sold short.

Boardwalk Real Estate Investment Trust Stock Performance

BOWFF opened at $45.72 on Tuesday. 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 stock’s 50 day moving average price is $46.41 and its two-hundred day moving average price is $47.09. The firm has a market capitalization of $2.08 billion, a P/E ratio of -61.78 and a beta of 0.91. Boardwalk Real Estate Investment Trust has a 12-month low of $43.33 and a 12-month high of $52.35.

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

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.