CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Short Interest Up 44.4% in January

CapitaLand Ascendas REIT (OTCMKTS:ACDSFGet Free Report) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 7,185,917 shares, an increase of 44.4% from the January 15th total of 4,975,113 shares. Based on an average daily volume of 4,120 shares, the days-to-cover ratio is presently 1,744.2 days. Based on an average daily volume of 4,120 shares, the days-to-cover ratio is presently 1,744.2 days.

CapitaLand Ascendas REIT Stock Down 6.1%

ACDSF stock opened at $2.00 on Friday. The stock has a 50-day simple moving average of $2.08 and a two-hundred day simple moving average of $2.09. CapitaLand Ascendas REIT has a twelve month low of $1.60 and a twelve month high of $2.50.

About CapitaLand Ascendas REIT

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CapitaLand Ascendas REIT (OTCMKTS: ACDSF) is a Singapore-listed real estate investment trust focused on industrial and business space assets. Established with the objective of providing investors with sustainable distributions and long-term capital growth, the trust holds a diversified portfolio of properties that cater to a wide range of industries, including technology, logistics, manufacturing and research and development.

The REIT’s core business activities encompass the acquisition, ownership, asset management and development of business parks, science parks, hi-tech buildings and logistics facilities.

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