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

Link Real Estate Investment Trust (OTCMKTS:LKREF) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 999,362 shares, a decline of 29.6% from the February 26th total of 1,419,662 shares. Based on an average trading volume of 12,400 shares, the short-interest ratio is currently 80.6 days.

Link Real Estate Investment Trust Price Performance

Shares of OTCMKTS LKREF remained flat at $4.51 during mid-day trading on Friday. The stock had a trading volume of 46 shares, compared to its average volume of 10,191. Link Real Estate Investment Trust has a 1 year low of $4.20 and a 1 year high of $5.88. The firm’s 50 day simple moving average is $4.65 and its two-hundred day simple moving average is $4.85.

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.