Short Interest in CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Expands By 44.4%

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) saw a significant increase in short interest in 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 short-interest ratio is presently 1,744.2 days. Based on an average trading volume of 4,120 shares, the short-interest ratio is presently 1,744.2 days.

CapitaLand Ascendas REIT Trading Down 6.1%

Shares of CapitaLand Ascendas REIT stock opened at $2.00 on Tuesday. CapitaLand Ascendas REIT has a twelve month low of $1.60 and a twelve month high of $2.50. The business’s 50 day simple moving average is $2.08 and its 200-day simple moving average is $2.08.

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.