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

Link Real Estate Investment Trust (OTCMKTS:LKREF) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 268,859 shares, a drop of 34.7% from the April 15th total of 411,862 shares. Based on an average daily volume of 3,207 shares, the days-to-cover ratio is currently 83.8 days.

Link Real Estate Investment Trust Price Performance

Shares of Link Real Estate Investment Trust stock remained flat at $5.33 on Monday. 2,889 shares of the stock were exchanged, compared to its average volume of 7,378. Link Real Estate Investment Trust has a twelve month low of $4.20 and a twelve month high of $5.88. The stock’s fifty day simple moving average is $4.90 and its two-hundred day simple moving average is $4.79.

About Link Real Estate Investment Trust

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.