Japan Metropolitan Fund Investment Co. (OTCMKTS:JRFIF) Sees Significant Drop in Short Interest

Japan Metropolitan Fund Investment Co. (OTCMKTS:JRFIF) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,900 shares, a decrease of 26.9% from the September 30th total of 2,600 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 19.0 days. Based on an average trading volume of 100 shares, the short-interest ratio is presently 19.0 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Japan Metropolitan Fund Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Japan Metropolitan Fund Investment has a consensus rating of “Hold”.

Japan Metropolitan Fund Investment Price Performance

Shares of JRFIF stock opened at $623.98 on Tuesday. The stock has a 50 day simple moving average of $623.98 and a 200-day simple moving average of $623.98. Japan Metropolitan Fund Investment has a 12-month low of $581.57 and a 12-month high of $692.04.

About Japan Metropolitan Fund Investment

Japan Metropolitan Fund Investment Corporation (JMF) has been listed on the Real Estate Investment Trust (REIT) Section on the Tokyo Stock Exchange (Securities code: 8953) as Japan Retail Fund in March 2002. It was the first investment corporation in Japan to specifically target retail property assets.