Mapletree Pan Asia Commercial Trust (OTCMKTS:MPCMF) Short Interest Down 23.6% in May

Mapletree Pan Asia Commercial Trust (OTCMKTS:MPCMF) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 4,214,500 shares, a drop of 23.6% from the May 15th total of 5,513,100 shares. Based on an average trading volume of 15,900 shares, the days-to-cover ratio is presently 265.1 days.

Mapletree Pan Asia Commercial Trust Price Performance

Shares of Mapletree Pan Asia Commercial Trust stock remained flat at $0.93 during trading on Friday. Mapletree Pan Asia Commercial Trust has a 52-week low of $0.83 and a 52-week high of $1.21. The firm’s 50-day simple moving average is $0.93 and its 200-day simple moving average is $1.00.

Mapletree Pan Asia Commercial Trust Company Profile

Mapletree Pan Asia Commercial Trust (MPACT) is a real estate investment trust (REIT) positioned to be the proxy to key gateway markets of Asia. Listed on the Singapore Exchange Securities Limited on 27 April 2011, it made its public market debut as Mapletree Commercial Trust and was subsequently renamed MPACT on 3 August 2022 following the merger with Mapletree North Asia Commercial Trust.