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

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

Link Real Estate Investment Trust Stock Performance

LKREF stock remained flat at $4.60 during midday trading on Friday. 8,007 shares of the company’s stock traded hands, compared to its average volume of 6,865. The business has a 50-day moving average price of $4.77 and a 200-day moving average price of $4.41. Link Real Estate Investment Trust has a 12-month low of $3.75 and a 12-month high of $5.67.

About Link Real Estate Investment Trust

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.