CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Sees Significant Increase in Short Interest

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 16,285,866 shares, a growth of 32.1% from the March 15th total of 12,329,922 shares. Based on an average daily trading volume, of 106,235 shares, the short-interest ratio is currently 153.3 days.

CapitaLand Ascendas REIT Price Performance

OTCMKTS:ACDSF opened at $2.03 on Wednesday. CapitaLand Ascendas REIT has a 52-week low of $1.60 and a 52-week high of $2.50. The stock has a fifty day moving average of $2.02 and a 200 day moving average of $2.06.

About CapitaLand Ascendas REIT

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.