Short Interest in Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) Expands By 450.0%

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 110,000 shares, an increase of 450.0% from the August 15th total of 20,000 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

Fortune Real Estate Investment Trust stock remained flat at $0.51 during trading on Friday. The company has a 50 day moving average price of $0.50 and a two-hundred day moving average price of $0.49. Fortune Real Estate Investment Trust has a 1-year low of $0.45 and a 1-year high of $0.62.

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.