Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Sees Large Decline in Short Interest

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) saw a significant decline in short interest in August. As of August 15th, there was short interest totalling 457,300 shares, a decline of 21.7% from the July 31st total of 583,800 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 95.3 days.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised Boardwalk Real Estate Investment Trust to a “hold” rating in a report on Friday, May 10th.

Boardwalk Real Estate Investment Trust Stock Up 1.0 %

BOWFF stock opened at $63.29 on Friday. Boardwalk Real Estate Investment Trust has a 1-year low of $46.06 and a 1-year high of $63.67. The business has a fifty day moving average price of $56.52 and a 200-day moving average price of $54.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $3.13 billion, a P/E ratio of 5.36 and a beta of 1.49.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.70 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.76% and a net margin of 118.04%. The firm had revenue of $108.95 million during the quarter.

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.