Fortune Real Estate Investment Trust (OTCMKTS:FRIVF – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,661,415 shares, an increase of 47.9% from the July 30th total of 1,799,415 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Fortune Real Estate Investment Trust Price Performance
Shares of FRIVF opened at $0.53 on Thursday. The company’s 50-day moving average is $0.66 and its 200-day moving average is $0.66. Fortune Real Estate Investment Trust has a fifty-two week low of $0.53 and a fifty-two week high of $0.71.
Fortune Real Estate Investment Trust Company Profile
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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