Short Interest in CapitaLand India Trust (OTCMKTS:ACNDF) Increases By 347.4%

CapitaLand India Trust (OTCMKTS:ACNDF) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 480,100 shares, an increase of 347.4% from the October 31st total of 107,300 shares. Based on an average daily volume of 58,500 shares, the days-to-cover ratio is currently 8.2 days.

CapitaLand India Trust Stock Performance

ACNDF opened at C$0.77 on Friday. The firm has a fifty day moving average price of C$0.83 and a 200 day moving average price of C$0.80. CapitaLand India Trust has a 1 year low of C$0.72 and a 1 year high of C$0.89.

CapitaLand India Trust Company Profile

CapitaLand India Trust (CLINT) was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2007 as the first Indian property trust in Asia. Its principal objective is to own income-producing real estate used primarily as business space in India. CLINT may also develop and acquire land or uncompleted developments primarily to be used as business space, with the objective of holding the properties upon completion.