Rural Funds Group (OTCMKTS:RFNDF) Sees Significant Growth in Short Interest

Rural Funds Group (OTCMKTS:RFNDF) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,138 shares, a growth of ∞ from the July 30th total of 0 shares. Based on an average daily trading volume, of 260 shares, the days-to-cover ratio is presently 8.2 days.

Rural Funds Group Price Performance

Shares of RFNDF stock opened at $1.50 on Tuesday. The business’s fifty day moving average price is $1.44 and its 200 day moving average price is $1.43. Rural Funds Group has a 1-year low of $1.20 and a 1-year high of $1.50.

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).