CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Short Interest Update

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

CapitaLand Ascendas REIT Price Performance

Shares of OTCMKTS:ACDSF opened at $2.22 on Thursday. CapitaLand Ascendas REIT has a 1 year low of $1.56 and a 1 year high of $2.50. The company’s 50 day simple moving average is $2.04 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.