Short Interest in CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Drops By 52.1%

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 2,973,000 shares, a decline of 52.1% from the January 31st total of 6,206,200 shares. Based on an average daily volume of 18,500 shares, the days-to-cover ratio is currently 160.7 days.

CapitaLand Ascendas REIT Stock Up 5.4 %

OTCMKTS:ACDSF opened at $1.92 on Friday. The company has a 50 day moving average price of $1.85 and a 200-day moving average price of $1.95. CapitaLand Ascendas REIT has a 1-year low of $1.56 and a 1-year high of $2.31.

About CapitaLand Ascendas REIT

CapitaLand Ascendas REIT (CLAR) is Singapore’s first and largest listed business space and industrial real estate investment trust. It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002. CLAR has since grown to be a global REIT anchored in Singapore, with a strong focus on tech and logistics properties in developed markets.