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

Posted by Doug Madison on Sep 30th, 2024

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 153,000 shares, an increase of 39.1% from the August 31st total of 110,000 shares. Based on an average daily volume of 22,000 shares, the short-interest ratio is currently 7.0 days.

Fortune Real Estate Investment Trust Stock Performance

Fortune Real Estate Investment Trust stock remained flat at $0.51 during midday trading on Friday. Fortune Real Estate Investment Trust has a 12-month low of $0.45 and a 12-month high of $0.62. The business’s fifty day moving average is $0.50 and its two-hundred day moving average is $0.49.

About Fortune Real Estate Investment Trust

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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.