Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) Sees Large Growth in Short Interest

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 153,000 shares, a growth of 39.1% from the August 31st total of 110,000 shares. Based on an average trading volume of 22,000 shares, the short-interest ratio is presently 7.0 days.

Fortune Real Estate Investment Trust Price Performance

OTCMKTS FRIVF remained flat at $0.51 on Friday. Fortune Real Estate Investment Trust has a 1-year low of $0.45 and a 1-year high of $0.62. The company has a fifty day moving average of $0.50 and a 200-day moving average of $0.49.

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.