Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) Sees Large Decline in Short Interest

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 467,000 shares, a drop of 5.3% from the December 31st total of 493,000 shares. Based on an average daily trading volume, of 122,200 shares, the short-interest ratio is currently 3.8 days.

Fortune Real Estate Investment Trust Stock Performance

Shares of Fortune Real Estate Investment Trust stock opened at $0.50 on Tuesday. Fortune Real Estate Investment Trust has a 12 month low of $0.49 and a 12 month high of $0.52. The business has a 50-day moving average of $0.50 and a 200 day moving average of $0.50.

Fortune Real Estate Investment Trust Company Profile

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.