CapitaLand India Trust (OTCMKTS:ACNDF) Sees Significant Increase in Short Interest

CapitaLand India Trust (OTCMKTS:ACNDF) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 616,300 shares, an increase of 28.4% from the November 15th total of 480,100 shares. Based on an average trading volume of 11,600 shares, the short-interest ratio is presently 53.1 days.

CapitaLand India Trust Stock Performance

OTCMKTS:ACNDF opened at C$0.78 on Friday. CapitaLand India Trust has a 12-month low of C$0.72 and a 12-month high of C$0.89. The stock has a fifty day moving average price of C$0.81 and a 200 day moving average price of C$0.80.

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.