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

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 3,701,300 shares, a drop of 15.1% from the September 15th total of 4,360,000 shares. Based on an average daily volume of 14,200 shares, the days-to-cover ratio is currently 260.7 days.

CapitaLand Ascendas REIT Price Performance

ACDSF stock opened at $2.01 on Monday. The firm has a 50 day moving average of $2.03 and a two-hundred day moving average of $1.96. CapitaLand Ascendas REIT has a 12 month low of $1.71 and a 12 month high of $2.31.

About CapitaLand Ascendas REIT

CapitaLand Ascendas REIT (CLAR) is Singapore’s first and largest listed business space and industrial real estate investment trust. It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002. CLAR has since grown to be a global REIT anchored in Singapore, with a strong focus on tech and logistics properties in developed markets.