Link Real Estate Investment Trust (OTCMKTS:LKREF) Sees Significant Increase in Short Interest

Link Real Estate Investment Trust (OTCMKTS:LKREF) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 1,568,112 shares, an increase of 333.5% from the November 30th total of 361,698 shares. Based on an average daily trading volume, of 12,395 shares, the days-to-cover ratio is currently 126.5 days. Based on an average daily trading volume, of 12,395 shares, the days-to-cover ratio is currently 126.5 days.

Link Real Estate Investment Trust Stock Up 4.0%

Shares of OTCMKTS:LKREF traded up $0.18 on Friday, reaching $4.58. 818 shares of the company traded hands, compared to its average volume of 3,759. The business’s 50-day simple moving average is $4.93 and its 200 day simple moving average is $5.22. Link Real Estate Investment Trust has a 52 week low of $4.00 and a 52 week high of $5.88.

Link Real Estate Investment Trust Company Profile

Link Real Estate Investment Trust (OTCMKTS: LKREF) is a Hong Kong–based real estate investment trust that owns and manages a diversified portfolio of retail properties, car parks and office spaces. Established in December 2005, Link REIT was formed through the initial public offering of non-railway commercial assets of the MTR Corporation and has since grown to become one of Asia’s largest REITs by asset value. Its holdings primarily consist of community shopping centres, daily necessities-focused retail outlets and complementary car parking facilities, with a strategy aimed at providing everyday convenience to local communities.

In addition to property ownership, Link REIT provides a range of asset and property management services through its wholly owned subsidiary, Link Asset Management Limited.