CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Sees Large Growth in Short Interest

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 3,956,100 shares, an increase of 6.9% from the September 30th total of 3,701,300 shares. Based on an average daily trading volume, of 17,800 shares, the days-to-cover ratio is currently 222.3 days.

CapitaLand Ascendas REIT Stock Performance

Shares of CapitaLand Ascendas REIT stock opened at $2.00 on Friday. CapitaLand Ascendas REIT has a 52-week low of $1.71 and a 52-week high of $2.31. The stock’s 50-day simple moving average is $2.04 and its 200 day simple moving average is $1.96.

CapitaLand Ascendas REIT Company Profile

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.