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

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 1,044,800 shares, a drop of 62.1% from the February 28th total of 2,753,500 shares. Based on an average trading volume of 20,800 shares, the days-to-cover ratio is currently 50.2 days.

CapitaLand Ascendas REIT Stock Up 9.0 %

CapitaLand Ascendas REIT stock opened at $1.99 on Thursday. CapitaLand Ascendas REIT has a 12 month low of $1.56 and a 12 month high of $2.31. The company has a fifty day moving average price of $1.88 and a two-hundred day moving average price of $1.93.

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.