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

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 7,185,917 shares, an increase of 44.4% from the January 15th total of 4,975,113 shares. Based on an average trading volume of 4,120 shares, the days-to-cover ratio is presently 1,744.2 days. Based on an average trading volume of 4,120 shares, the days-to-cover ratio is presently 1,744.2 days.

CapitaLand Ascendas REIT Trading Down 6.1%

CapitaLand Ascendas REIT stock opened at $2.00 on Monday. 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 price of $2.08 and a 200 day moving average price of $2.09.

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.