Link Real Estate Investment Trust (OTCMKTS:LKREF) Sees Significant Decrease in Short Interest

Link Real Estate Investment Trust (OTCMKTS:LKREF) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,811,806 shares, a drop of 35.7% from the May 31st total of 5,932,406 shares. Based on an average daily trading volume, of 2,657 shares, the days-to-cover ratio is presently 1,434.6 days.

Link Real Estate Investment Trust Stock Performance

Link Real Estate Investment Trust stock opened at $4.38 on Friday. The stock’s 50 day moving average price is $4.95 and its 200 day moving average price is $4.76. Link Real Estate Investment Trust has a 1-year low of $4.20 and a 1-year high of $5.83.

About Link Real Estate Investment Trust

Link Real Estate Investment Trust (OTCMKTS: LKREF) is a Hong Kong–based real estate investment trust that owns and manages a diversified portfolio of retail properties, car parks and office spaces. Established in December 2005, Link REIT was formed through the initial public offering of non-railway commercial assets of the MTR Corporation and has since grown to become one of Asia’s largest REITs by asset value. Its holdings primarily consist of community shopping centres, daily necessities-focused retail outlets and complementary car parking facilities, with a strategy aimed at providing everyday convenience to local communities.

In addition to property ownership, Link REIT provides a range of asset and property management services through its wholly owned subsidiary, Link Asset Management Limited.