Short Interest in Inovalis Real Estate Investment Trust (OTCMKTS:IVREF) Rises By 79.7%

Inovalis Real Estate Investment Trust (OTCMKTS:IVREFGet Rating) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 133,700 shares, a growth of 79.7% from the March 31st total of 74,400 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is presently 49.5 days.

A number of analysts recently weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of Inovalis Real Estate Investment Trust from C$10.00 to C$9.00 in a report on Wednesday, April 13th. National Bank Financial reduced their target price on shares of Inovalis Real Estate Investment Trust from C$10.00 to C$9.50 in a report on Wednesday.

Inovalis Real Estate Investment Trust stock opened at $6.58 on Friday. The company has a 50 day moving average price of $7.38 and a 200 day moving average price of $7.55. Inovalis Real Estate Investment Trust has a 52 week low of $6.58 and a 52 week high of $8.45.

About Inovalis Real Estate Investment Trust (Get Rating)

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT's investment criteria.

Further Reading

Receive News & Ratings for Inovalis Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inovalis Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.