Mapletree Logistics Trust (OTCMKTS:MAPGF) Sees Large Growth in Short Interest

Mapletree Logistics Trust (OTCMKTS:MAPGF) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,723,783 shares, an increase of 168.2% from the June 30th total of 1,388,473 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is presently 775.8 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Mapletree Logistics Trust to a “buy” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Mapletree Logistics Trust Stock Performance

OTCMKTS MAPGF remained flat at $0.95 during trading on Wednesday. The firm’s 50 day simple moving average is $0.97 and its 200-day simple moving average is $0.97. Mapletree Logistics Trust has a one year low of $0.81 and a one year high of $1.16.

About Mapletree Logistics Trust

Mapletree Logistics Trust (OTCMKTS:MAPGF) is a Singapore‐listed real estate investment trust specializing in high‐quality logistics and distribution assets. It is externally managed by Mapletree Logistics Trust Management Ltd, a wholly owned subsidiary of Mapletree Investments Pte Ltd, and invests primarily in freestanding warehouses, multi‐user logistics facilities and distribution centres leased to third‐party logistics providers, e‐commerce companies and multinational distributors.

Since its initial public listing in April 2017, the trust has assembled a portfolio of strategically located properties across key Asia‐Pacific markets, including Singapore, China, Japan, Australia, Hong Kong, South Korea, Malaysia and Vietnam.