Rural Funds Group (OTCMKTS:RFNDF) Short Interest Up 282.5% in August

Rural Funds Group (OTCMKTS:RFNDF) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 8,178 shares, a growth of 282.5% from the August 15th total of 2,138 shares. Based on an average trading volume of 236 shares, the days-to-cover ratio is currently 34.7 days.

Rural Funds Group Price Performance

Shares of RFNDF remained flat at $1.50 during mid-day trading on Friday. The firm has a 50-day moving average price of $1.46 and a two-hundred day moving average price of $1.43. Rural Funds Group has a 12 month low of $1.20 and a 12 month high of $1.50.

Rural Funds Group Company Profile

Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties. RFF is a stapled security, incorporating Rural Funds Trust (ARSN 112 951 578) and RF Active (ARSN 168 740 805).