Short Interest in Mapletree Logistics Trust (OTCMKTS:MAPGF) Expands By 168.2%

Mapletree Logistics Trust (OTCMKTS:MAPGF) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,723,783 shares, an increase of 168.2% from the June 30th total of 1,388,473 shares. Based on an average trading volume of 4,800 shares, the short-interest ratio is currently 775.8 days.

Analysts Set New Price Targets

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

Mapletree Logistics Trust Price Performance

OTCMKTS MAPGF remained flat at $0.95 during mid-day trading on Tuesday. The company has a 50 day moving average price of $0.97 and a 200-day moving average price of $0.97. Mapletree Logistics Trust has a twelve month low of $0.81 and a twelve month high of $1.16.

About Mapletree Logistics Trust

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.