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

Link Real Estate Investment Trust (OTCMKTS:LKREF) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 1,419,662 shares, a drop of 77.6% from the February 12th total of 6,324,370 shares. Based on an average daily volume of 1,895 shares, the days-to-cover ratio is presently 749.2 days. Based on an average daily volume of 1,895 shares, the days-to-cover ratio is presently 749.2 days.

Link Real Estate Investment Trust Stock Performance

LKREF remained flat at $4.69 during trading hours on Wednesday. 80 shares of the company traded hands, compared to its average volume of 8,515. The firm has a 50 day moving average of $4.61 and a 200-day moving average of $4.90. Link Real Estate Investment Trust has a 12 month low of $4.20 and a 12 month high of $5.88.

Link Real Estate Investment Trust Company Profile

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.