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

Link Real Estate Investment Trust (OTCMKTS:LKREF) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,333,897 shares, an increase of 67.2% from the December 31st total of 1,395,728 shares. Based on an average daily volume of 2,382 shares, the days-to-cover ratio is presently 979.8 days. Based on an average daily volume of 2,382 shares, the days-to-cover ratio is presently 979.8 days.

Link Real Estate Investment Trust Price Performance

LKREF remained flat at $4.50 during trading on Friday. 5 shares of the company traded hands, compared to its average volume of 2,244. Link Real Estate Investment Trust has a 12-month low of $4.10 and a 12-month high of $5.88. The company has a 50 day simple moving average of $4.55 and a 200 day simple moving average of $5.07.

About Link Real Estate Investment Trust

Link Real Estate Investment Trust (OTCMKTS: LKREF) is a Hong Kong–based real estate investment trust that owns and manages a diversified portfolio of retail properties, car parks and office spaces. Established in December 2005, Link REIT was formed through the initial public offering of non-railway commercial assets of the MTR Corporation and has since grown to become one of Asia’s largest REITs by asset value. Its holdings primarily consist of community shopping centres, daily necessities-focused retail outlets and complementary car parking facilities, with a strategy aimed at providing everyday convenience to local communities.

In addition to property ownership, Link REIT provides a range of asset and property management services through its wholly owned subsidiary, Link Asset Management Limited.