CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Short Interest Up 44.4% in January

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 7,185,917 shares, a growth of 44.4% from the January 15th total of 4,975,113 shares. Based on an average daily volume of 4,120 shares, the short-interest ratio is currently 1,744.2 days. Based on an average daily volume of 4,120 shares, the short-interest ratio is currently 1,744.2 days.

CapitaLand Ascendas REIT Stock Down 6.1%

CapitaLand Ascendas REIT stock opened at $2.00 on Friday. CapitaLand Ascendas REIT has a fifty-two week low of $1.60 and a fifty-two week high of $2.50. The firm’s fifty day moving average price is $2.08 and its 200-day moving average price is $2.09.

About CapitaLand Ascendas REIT

CapitaLand Ascendas REIT (OTCMKTS: ACDSF) is a Singapore-listed real estate investment trust focused on industrial and business space assets. Established with the objective of providing investors with sustainable distributions and long-term capital growth, the trust holds a diversified portfolio of properties that cater to a wide range of industries, including technology, logistics, manufacturing and research and development.

The REIT’s core business activities encompass the acquisition, ownership, asset management and development of business parks, science parks, hi-tech buildings and logistics facilities.