Short Interest in Rural Funds Group (OTCMKTS:RFNDF) Decreases By 49.9%

Rural Funds Group (OTCMKTS:RFNDF) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 9,496 shares, a decrease of 49.9% from the April 30th total of 18,969 shares. Based on an average daily trading volume, of 73 shares, the days-to-cover ratio is currently 130.1 days.

Rural Funds Group Price Performance

RFNDF stock remained flat at $1.42 during trading on Tuesday. The firm has a 50 day simple moving average of $1.41 and a 200-day simple moving average of $1.34. Rural Funds Group has a one year low of $1.01 and a one year high of $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).