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

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 467,000 shares, a drop of 5.3% from the December 15th total of 493,000 shares. Based on an average trading volume of 122,200 shares, the days-to-cover ratio is presently 3.8 days.

Fortune Real Estate Investment Trust Stock Performance

Shares of FRIVF opened at $0.50 on Tuesday. Fortune Real Estate Investment Trust has a 1 year low of $0.49 and a 1 year high of $0.52. The stock’s fifty day moving average price is $0.50 and its two-hundred day moving average price is $0.50.

Fortune Real Estate Investment Trust Company Profile

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.