Fortune Real Estate Investment Trust (OTCMKTS:FRIVF – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,126,000 shares, a decrease of 57.7% from the August 15th total of 2,661,415 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Fortune Real Estate Investment Trust Price Performance
OTCMKTS:FRIVF opened at $0.53 on Monday. The business’s 50-day simple moving average is $0.64 and its two-hundred day simple moving average is $0.66. Fortune Real Estate Investment Trust has a 52 week low of $0.53 and a 52 week high of $0.71.
About Fortune Real Estate Investment Trust
Fortune Real Estate Investment Trust (OTCMKTS: FRIVF) is a Hong Kong–based real estate investment trust formed in 2005 with a focus on income-generating commercial properties. The trust’s investment portfolio comprises primarily retail shopping centres and associated car park facilities located across key districts of Hong Kong. Its assets are designed to cater to local residents as well as visitors, with property mixes that include community retail, daily necessities, dining and personal services.
Since its establishment, Fortune REIT has pursued a strategy of acquiring and actively managing a diversified retail portfolio.
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