Charter Hall Long WALE REIT (OTCMKTS:CHLWF) Short Interest Up 229.9% in May

Charter Hall Long WALE REIT (OTCMKTS:CHLWF) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 202,286 shares, a growth of 229.9% from the April 30th total of 61,323 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Charter Hall Long WALE REIT Stock Performance

Shares of CHLWF opened at $1.73 on Friday. Charter Hall Long WALE REIT has a one year low of $1.73 and a one year high of $1.73. The stock has a 50 day moving average price of $1.73 and a 200 day moving average price of $1.73.

Charter Hall Long WALE REIT Company Profile

Charter Hall Long WALE REIT (OTCMKTS:CHLWF) is an Australia-focused real estate investment trust managed by Charter Hall Group, one of the country’s leading property investment and management firms. The trust is structured to deliver stable and predictable income by investing in a diversified portfolio of commercial assets underpinned by long-term lease agreements. Charter Hall Long WALE REIT is quoted on the OTC Markets as an American Depositary Receipt, providing international investors with exposure to Australian real estate.

The fund’s core strategy centers on acquiring office, industrial, and retail properties with weighted average lease expiries that typically extend beyond seven years.