CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Short Interest Update

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 12,329,922 shares, a growth of 36.3% from the February 26th total of 9,048,569 shares. Based on an average daily volume of 28,917 shares, the days-to-cover ratio is presently 426.4 days.

CapitaLand Ascendas REIT Stock Performance

ACDSF stock opened at $1.89 on Friday. CapitaLand Ascendas REIT has a 52 week low of $1.60 and a 52 week high of $2.50. The firm’s 50-day moving average is $2.07 and its two-hundred day moving average is $2.07.

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.