Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) Sees Significant Growth in Short Interest

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 111,000 shares, an increase of 18.1% from the March 15th total of 94,000 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 1,110.0 days.

Fortune Real Estate Investment Trust Stock Performance

Shares of Fortune Real Estate Investment Trust stock opened at $0.49 on Tuesday. Fortune Real Estate Investment Trust has a 12-month low of $0.49 and a 12-month high of $0.53. The firm’s 50 day simple moving average is $0.49 and its two-hundred day simple moving average is $0.50.

About Fortune Real Estate Investment Trust

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.