Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) Stock Short Interest Report for October

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 5,814,000 shares, an increase of 62.8% from the September 30th total of 3,571,547 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ? days.

Fortune Real Estate Investment Trust Stock Performance

Shares of Fortune Real Estate Investment Trust stock remained flat at $0.53 on Monday. The stock has a 50-day simple moving average of $0.55 and a 200-day simple moving average of $0.63. Fortune Real Estate Investment Trust has a one year low of $0.53 and a one year high of $0.71.

About Fortune Real Estate Investment Trust

Fortune Real Estate Investment Trust is a Hong Kong-based real estate investment trust that owns and manages a portfolio of retail and commercial properties. Its assets are primarily community shopping centers and retail properties serving residential neighborhoods, with associated car parks and other supporting facilities.

The trust’s properties are located mainly in Hong Kong’s New Territories and are designed to provide everyday goods and services to local communities. Its portfolio has included shopping centers such as Fortune Kingswood, Fortune City One, Fortune Metropolis, Fortune Plaza and Fortune Shopping Centre, although the composition of the portfolio may change over time.

Fortune REIT was established in 2003 and became the first real estate investment trust listed on the Hong Kong Stock Exchange.