Japan Hotel REIT Investment Co. (OTCMKTS:NIPOF) Sees Significant Growth in Short Interest

Japan Hotel REIT Investment Co. (OTCMKTS:NIPOF) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 17,244 shares, a growth of 156.8% from the September 30th total of 6,715 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ? days.

Japan Hotel REIT Investment Stock Performance

OTCMKTS NIPOF opened at $520.02 on Friday. The stock’s 50-day moving average price is $520.03 and its two-hundred day moving average price is $508.37. Japan Hotel REIT Investment has a 1 year low of $471.74 and a 1 year high of $520.02.

About Japan Hotel REIT Investment

Japan Hotel REIT Investment Corporation is a Japanese real estate investment trust focused on hotel and lodging-related properties. The company invests in income-producing hotel real estate, including full-service, limited-service, resort and other accommodation facilities, with the objective of generating rental income and distributing returns to investors.

Japan Hotel REIT generally owns properties rather than operating hotels directly. Its assets are leased to hotel operators and other tenants, who manage the day-to-day hospitality businesses and provide services such as guest accommodations, food and beverage, and related hotel amenities.

The trust’s investments are located in Japan and are intended to provide exposure to the country’s domestic and inbound lodging markets.