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

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

Fortune Real Estate Investment Trust Price Performance

FRIVF stock opened at $0.50 on Tuesday. Fortune Real Estate Investment Trust has a twelve month low of $0.49 and a twelve month high of $0.52. The business’s 50-day simple moving average is $0.50 and its 200 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.