CDL Hospitality Trusts (OTCMKTS:CDHSF) Sees Large Decrease in Short Interest

CDL Hospitality Trusts (OTCMKTS:CDHSF) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 137,300 shares, a decline of 78.2% from the October 15th total of 628,900 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 686.5 days.

CDL Hospitality Trusts Price Performance

OTCMKTS:CDHSF remained flat at $0.77 during trading hours on Thursday. CDL Hospitality Trusts has a 1-year low of $0.67 and a 1-year high of $0.77. The stock has a fifty day moving average of $0.71 and a 200-day moving average of $0.74.

About CDL Hospitality Trusts

CDL Hospitality Trusts (CDLHT) is one of Asia’s leading hospitality trusts with assets under management of about S$3.3 billion as at 31 December 2023. CDLHT is a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-REIT), a real estate investment trust, and CDL Hospitality Business Trust (HBT), a business trust.