Frasers Logistics & Commercial Trust (OTCMKTS:FRLOF – Get Rating) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 418,800 shares, a decrease of 53.5% from the March 31st total of 899,900 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 1,047.0 days.
Separately, JPMorgan Chase & Co. started coverage on shares of Frasers Logistics & Commercial Trust in a research report on Friday, April 8th. They issued an “overweight” rating and a $1.75 price objective for the company.
FRLOF stock remained flat at $1.01 during trading on Friday. Frasers Logistics & Commercial Trust has a 12-month low of 0.82 and a 12-month high of 1.55.
Frasers Logistics & Commercial Trust (FLCT) is a Singapore-listed real estate investment trust with a portfolio comprising 100 industrial and commercial properties, worth approximately S$6.2 billion, diversified across five major developed markets – Australia, Germany, Singapore, the United Kingdom and the Netherlands.
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