CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Sees Large Increase in Short Interest

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 9,048,569 shares, an increase of 15.4% from the February 12th total of 7,841,352 shares. Based on an average daily volume of 2,391 shares, the days-to-cover ratio is presently 3,784.4 days. Based on an average daily volume of 2,391 shares, the days-to-cover ratio is presently 3,784.4 days.

CapitaLand Ascendas REIT Stock Performance

ACDSF stock opened at $2.01 on Wednesday. CapitaLand Ascendas REIT has a twelve month low of $1.60 and a twelve month high of $2.50. The stock’s 50 day moving average is $2.09 and its 200-day moving average is $2.08.

CapitaLand Ascendas REIT Company Profile

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.