Short-term stake in Inovalis Real Estate Investment Trust (OTCMKTS:IVREF) increases by 79.7%


Inovalis real estate investment fund (OTCMKTS:IVREFGet a rating) benefited from significant growth in short-term interest in April. As of April 15, there were short interests totaling 133,700 shares, up 79.7% from the March 31 total of 74,400 shares. Based on an average daily trading volume of 2,700 shares, the short-term interest rate ratio is currently 49.5 days.

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

Share Inovalis Real Estate Investment Trust 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 the Inovalis Real Estate Investment Trust (Get a 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 SCPI was created with the aim of acquiring and holding office buildings mainly located in France and Germany but also opportunistically in other European countries where the assets meet the investment criteria of the SCPI.

Further reading



Receive daily news and reviews for Inovalis Real Estate Investment Trust – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Inovalis Real Estate Investment Trust and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.