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

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) was the recipient of a large growth in short interest in the month of 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 daily volume of 22,000 shares, the short-interest ratio is presently 7.0 days.

Fortune Real Estate Investment Trust Stock Performance

Fortune Real Estate Investment Trust stock remained flat at $0.51 during mid-day trading on Friday. The company’s fifty day moving average price is $0.50 and its 200 day moving average price is $0.49. Fortune Real Estate Investment Trust has a fifty-two week low of $0.45 and a fifty-two week 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.