Link Real Estate Investment Trust (OTCMKTS:LKREF) Sees Significant Growth in Short Interest

Link Real Estate Investment Trust (OTCMKTS:LKREF) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 7,034,700 shares, an increase of 620.1% from the September 30th total of 976,900 shares. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is presently 990.8 days.

Link Real Estate Investment Trust Price Performance

Shares of LKREF stock remained flat at $4.60 during trading hours on Friday. 8,007 shares of the company were exchanged, compared to its average volume of 6,865. The company’s fifty day simple moving average is $4.77 and its 200-day simple moving average is $4.41. Link Real Estate Investment Trust has a 1-year low of $3.75 and a 1-year high of $5.67.

Link Real Estate Investment Trust Company Profile

Link Real Estate Investment Trust, managed by Link Asset Management Limited, is the largest REIT in Asia, and a leading real estate investor and asset manager in the world. Listed in 2005 as the first REIT in Hong Kong, Link has been 100% held by public and institutional investors, and has no controlling unitholder.