Japan Metropolitan Fund Investment Co. (OTCMKTS:JRFIF) Short Interest Up 183.1% in December

Japan Metropolitan Fund Investment Co. (OTCMKTS:JRFIF) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,639 shares, an increase of 183.1% from the November 30th total of 579 shares. Based on an average daily volume of 147 shares, the short-interest ratio is presently 11.1 days. Based on an average daily volume of 147 shares, the short-interest ratio is presently 11.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Japan Metropolitan Fund Investment from a “neutral” rating to a “buy” rating in a research report on Sunday, December 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Japan Metropolitan Fund Investment Stock Performance

Shares of OTCMKTS JRFIF remained flat at $623.98 during mid-day trading on Friday. Japan Metropolitan Fund Investment has a 52-week low of $581.57 and a 52-week high of $692.04. The company has a 50-day simple moving average of $623.98 and a two-hundred day simple moving average of $623.98.

About Japan Metropolitan Fund Investment

Japan Metropolitan Fund Investment Corporation is a real estate investment trust (REIT) established under the Investment Trust and Investment Corporation Law of Japan. Listed on the Tokyo Stock Exchange, the company seeks to provide investors with stable distribution income and medium- to long-term capital gains through investments in income-producing real estate.

The company’s primary business activity is the acquisition, ownership and management of office and commercial properties located in the Tokyo metropolitan area.