Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) Short Interest Up 1,523.4% in May

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,094,415 shares, a growth of 1,523.4% from the May 14th total of 67,415 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ? days.

Fortune Real Estate Investment Trust Price Performance

FRIVF stock remained flat at $0.66 during mid-day trading on Tuesday. Fortune Real Estate Investment Trust has a 12-month low of $0.59 and a 12-month high of $0.71. The firm has a fifty day moving average price of $0.66 and a 200-day moving average price of $0.66.

About Fortune Real Estate Investment Trust

Fortune Real Estate Investment Trust (OTCMKTS: FRIVF) is a Hong Kong–based real estate investment trust formed in 2005 with a focus on income-generating commercial properties. The trust’s investment portfolio comprises primarily retail shopping centres and associated car park facilities located across key districts of Hong Kong. Its assets are designed to cater to local residents as well as visitors, with property mixes that include community retail, daily necessities, dining and personal services.

Since its establishment, Fortune REIT has pursued a strategy of acquiring and actively managing a diversified retail portfolio.