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

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

CapitaLand Ascendas REIT Stock Performance

ACDSF stock opened at $1.99 on Friday. CapitaLand Ascendas REIT has a 1 year low of $1.56 and a 1 year high of $2.31. The stock’s fifty day moving average price is $1.88 and its 200-day moving average price is $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.