Short Interest in CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Increases By 29.5%

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 4,786,085 shares, an increase of 29.5% from the November 30th total of 3,696,505 shares. Based on an average daily volume of 8,964 shares, the short-interest ratio is presently 533.9 days. Based on an average daily volume of 8,964 shares, the short-interest ratio is presently 533.9 days.

CapitaLand Ascendas REIT Trading Down 15.6%

Shares of CapitaLand Ascendas REIT stock opened at $1.84 on Wednesday. The business’s 50 day moving average price is $2.04 and its 200 day moving average price is $2.08. CapitaLand Ascendas REIT has a one year low of $1.56 and a one year high of $2.50.

CapitaLand Ascendas REIT Company Profile

CapitaLand Ascendas REIT (OTCMKTS: ACDSF) is a Singapore-listed real estate investment trust focused on industrial and business space assets. Established with the objective of providing investors with sustainable distributions and long-term capital growth, the trust holds a diversified portfolio of properties that cater to a wide range of industries, including technology, logistics, manufacturing and research and development.

The REIT’s core business activities encompass the acquisition, ownership, asset management and development of business parks, science parks, hi-tech buildings and logistics facilities.