Short Interest in CapitaLand Integrated Commercial Trust (OTCMKTS:CPAMF) Increases By 26.4%

CapitaLand Integrated Commercial Trust (OTCMKTS:CPAMFGet Rating) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 1,416,000 shares, a growth of 26.4% from the May 15th total of 1,120,000 shares. Based on an average daily volume of 29,100 shares, the days-to-cover ratio is currently 48.7 days.

CPAMF opened at $1.53 on Friday. The company’s 50 day simple moving average is $1.63 and its two-hundred day simple moving average is $1.57. CapitaLand Integrated Commercial Trust has a 1-year low of $1.16 and a 1-year high of $1.86.

Separately, Jefferies Financial Group lowered shares of CapitaLand Integrated Commercial Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th.

About CapitaLand Integrated Commercial Trust (Get Rating)

CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$14.0 billion as at 31 December 2020. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust.

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