Independence Realty Trust Inc (NYSE:IRT) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,442,129 shares, an increase of 7.2% from the October 31st total of 1,344,734 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,235,328 shares, the short-interest ratio is presently 1.2 days.
Shares of Independence Realty Trust (NYSE:IRT) traded up 1.25% during midday trading on Friday, hitting $8.90. 336,053 shares of the company were exchanged. Independence Realty Trust has a one year low of $5.97 and a one year high of $10.70. The stock’s 50-day moving average is $8.63 and its 200-day moving average is $8.69. The stock has a market cap of $420.30 million and a PE ratio of 11.90.
The firm also recently declared a dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, November 28th.
About Independence Realty Trust