realestate

BOWFF Short Interest: A Look at Investor Sentiment

Boardwalk REIT (BOWFF) Sees 17% Short Interest Growth to 273,600 Shares by January 15th.

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oardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) saw a significant increase in short interest in January, with 273,600 shares shorted as of January 15th, up 17.0% from the December 31st total of 233,900 shares. The days-to-cover ratio is now 195.4 days based on an average trading volume of 1,400 shares.

    BMO Capital Markets downgraded Boardwalk Real Estate Investment Trust to a "hold" rating in a research report on December 18th.

    Shares of BOWFF traded up $0.60 on Friday, reaching $43.38 with a trading volume of 1,458 shares, compared to its average volume of 678. The stock's 50-day simple moving average is $45.53 and its 200-day simple moving average is $53.97.

    Boardwalk Real Estate Investment Trust has a market capitalization of $2.14 billion, a price-to-earnings ratio of 4.38, and a beta of 1.54. The company reported $0.82 EPS for the quarter ended November 5th, with revenue of $112.46 million.

    Boardwalk REIT is a leading owner/operator of multi-family rental communities in Canada, providing homes in over 200 communities with more than 34,000 residential suites totaling over 29 million net rentable square feet.

Financial analysts examine BOWFF short interest at a trading floor in New York.