Link Real Estate Investment Trust (OTCMKTS:LKREF) Sees Large Increase in Short Interest

Link Real Estate Investment Trust (OTCMKTS:LKREF) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 4,843,446 shares, a growth of 1,701.5% from the April 30th total of 268,859 shares. Based on an average daily volume of 1,233 shares, the days-to-cover ratio is currently 3,928.2 days.

Link Real Estate Investment Trust Price Performance

OTCMKTS:LKREF remained flat at $5.07 during mid-day trading on Wednesday. The firm has a 50 day simple moving average of $4.95 and a two-hundred day simple moving average of $4.78. Link Real Estate Investment Trust has a 12-month low of $4.20 and a 12-month high of $5.88.

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.