Mapletree Logistics Trust (OTCMKTS:MAPGF) Short Interest Down 47.9% in May

Mapletree Logistics Trust (OTCMKTS:MAPGF) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 1,810,021 shares, a decline of 47.9% from the May 14th total of 3,472,716 shares. Based on an average daily volume of 4,273 shares, the short-interest ratio is presently 423.6 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Mapletree Logistics Trust to a “buy” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Mapletree Logistics Trust Stock Performance

Mapletree Logistics Trust stock remained flat at $0.95 during mid-day trading on Monday. The business’s 50 day moving average is $0.93 and its 200-day moving average is $0.97. Mapletree Logistics Trust has a 1 year low of $0.79 and a 1 year high of $1.16.

Mapletree Logistics Trust Company Profile

Mapletree Logistics Trust (OTCMKTS:MAPGF) is a Singapore‐listed real estate investment trust specializing in high‐quality logistics and distribution assets. It is externally managed by Mapletree Logistics Trust Management Ltd, a wholly owned subsidiary of Mapletree Investments Pte Ltd, and invests primarily in freestanding warehouses, multi‐user logistics facilities and distribution centres leased to third‐party logistics providers, e‐commerce companies and multinational distributors.

Since its initial public listing in April 2017, the trust has assembled a portfolio of strategically located properties across key Asia‐Pacific markets, including Singapore, China, Japan, Australia, Hong Kong, South Korea, Malaysia and Vietnam.