Rural Funds Group (OTCMKTS:RFNDF – Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 8,178 shares, an increase of 282.5% from the August 15th total of 2,138 shares. Based on an average daily volume of 236 shares, the days-to-cover ratio is currently 34.7 days.
Rural Funds Group Stock Performance
RFNDF stock opened at $1.50 on Friday. Rural Funds Group has a 52-week low of $1.20 and a 52-week high of $1.50. The stock’s 50 day moving average is $1.46 and its two-hundred day moving average is $1.43.
Rural Funds Group Company Profile
Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties. RFF is a stapled security, incorporating Rural Funds Trust (ARSN 112 951 578) and RF Active (ARSN 168 740 805).
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