Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Short Interest Up 17.0% in December

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 273,600 shares, a growth of 17.0% from the December 15th total of 233,900 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 195.4 days.

Boardwalk Real Estate Investment Trust Stock Performance

Boardwalk Real Estate Investment Trust stock opened at $42.03 on Friday. Boardwalk Real Estate Investment Trust has a fifty-two week low of $41.87 and a fifty-two week high of $71.39. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 14.39 and a beta of 1.54. The stock has a fifty day moving average of $46.99 and a two-hundred day moving average of $54.72. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.29.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th.

About Boardwalk Real Estate Investment Trust

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.