Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) Short Interest Update

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) saw a significant drop in short interest in August. As of August 15th, there was short interest totalling 20,000 shares, a drop of 37.5% from the July 31st total of 32,000 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is presently 2.9 days.

Fortune Real Estate Investment Trust Price Performance

Shares of Fortune Real Estate Investment Trust stock remained flat at $0.51 during trading hours on Thursday. The stock’s fifty day moving average is $0.49 and its two-hundred day moving average is $0.50. Fortune Real Estate Investment Trust has a 52-week low of $0.45 and a 52-week high of $0.62.

About Fortune Real Estate Investment Trust

Established in 2003, Fortune REIT is a real estate investment trust constituted by a trust deed (as amended, supplemented or otherwise modified from time to time). It is the first REIT to hold assets in Hong Kong and is currently listed on the Main Board of The Stock Exchange of Hong Kong Limited. Fortune REIT currently holds a portfolio of 17 retail properties, with 16 private housing estate retail properties in Hong Kong and 1 neighborhood mall in Singapore, comprising approximately 3 million sq.