Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) Sees Large Decline in Short Interest

Fortune Real Estate Investment Trust (OTCMKTS:FRIVF) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 80,000 shares, a decline of 14.9% from the January 31st total of 94,000 shares. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is presently 47.1 days.

Fortune Real Estate Investment Trust Price Performance

Shares of FRIVF opened at $0.49 on Wednesday. Fortune Real Estate Investment Trust has a 1-year low of $0.49 and a 1-year high of $0.53. The company’s fifty day moving average price is $0.50 and its 200-day moving average price is $0.50.

About Fortune Real Estate Investment Trust

Established in 2003, Fortune REIT is a real estate investment trust constituted by a trust deed (as amended, supplemented or otherwise modified from time to time). It is the first REIT to hold assets in Hong Kong and is currently listed on the Main Board of The Stock Exchange of Hong Kong Limited. Fortune REIT currently holds a portfolio of 17 retail properties, with 16 private housing estate retail properties in Hong Kong and 1 neighborhood mall in Singapore, comprising approximately 3 million sq.