Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) Sees Large Growth in Short Interest

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 252,000 shares, a growth of 64.7% from the September 15th total of 153,000 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Fortune Real Estate Investment Trust Stock Performance

Fortune Real Estate Investment Trust stock remained flat at $0.51 during mid-day trading on Friday. The firm’s fifty day moving average is $0.50 and its 200 day moving average is $0.49. Fortune Real Estate Investment Trust has a fifty-two week low of $0.45 and a fifty-two 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.