Short Interest in CapitaLand Ascendas REIT (OTCMKTS:ACDSF) Drops By 52.1%

CapitaLand Ascendas REIT (OTCMKTS:ACDSF) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 2,973,000 shares, a decline of 52.1% from the January 31st total of 6,206,200 shares. Based on an average trading volume of 18,500 shares, the days-to-cover ratio is presently 160.7 days.

CapitaLand Ascendas REIT Price Performance

Shares of OTCMKTS ACDSF opened at $1.92 on Friday. The firm has a fifty day moving average of $1.85 and a 200 day moving average of $1.95. CapitaLand Ascendas REIT has a one year low of $1.56 and a one year high of $2.31.

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.