Mapletree Logistics Trust (OTCMKTS:MAPGF) Sees Significant Decline in Short Interest

Mapletree Logistics Trust (OTCMKTS:MAPGF) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 5,562,700 shares, a drop of 25.4% from the October 31st total of 7,456,500 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 55,627.0 days.

Mapletree Logistics Trust Price Performance

Shares of OTCMKTS:MAPGF remained flat at $1.01 on Friday. The stock has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.04. Mapletree Logistics Trust has a 1-year low of $0.92 and a 1-year high of $1.34.

Mapletree Logistics Trust Company Profile

MLT, the first Asia-focused logistics REIT in Singapore, was listed on the SGX-ST Main Board on 28 July 2005. MLT's principal strategy is to invest in a diversified portfolio of income-producing logistics real estate and real estate-related assets. As at 31 December 2023, it has a portfolio of 187 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of S$13.3 billion.