Short Interest in Mapletree Logistics Trust (OTCMKTS:MAPGF) Drops By 96.2%

Mapletree Logistics Trust (OTCMKTS:MAPGF) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 271,500 shares, a decline of 96.2% from the May 31st total of 7,100,300 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 678.8 days.

Mapletree Logistics Trust Price Performance

Shares of MAPGF opened at $0.99 on Friday. Mapletree Logistics Trust has a 1 year low of $0.95 and a 1 year high of $1.34. The firm has a fifty day moving average of $1.00 and a 200-day moving average of $1.10.

About Mapletree Logistics Trust

MLT, the first Asia-focused logistics REIT in Singapore, was listed on the SGX-ST Main Board on 28 July 2005. MLT's principal strategy is to invest in a diversified portfolio of income-producing logistics real estate and real estate-related assets. As at 31 December 2023, it has a portfolio of 187 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of S$13.3 billion.