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

Mapletree Logistics Trust (OTCMKTS:MAPGF) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 182,200 shares, a drop of 32.9% from the June 15th total of 271,500 shares. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is presently 140.2 days.

Mapletree Logistics Trust Stock Performance

Shares of OTCMKTS:MAPGF opened at $0.99 on Friday. Mapletree Logistics Trust has a 1-year low of $0.95 and a 1-year high of $1.34. The company has a 50 day moving average price of $1.01 and a 200 day moving average price of $1.08.

About Mapletree Logistics Trust

MLT, the first Asia-focused logistics REIT in Singapore, was listed on the SGX-ST Main Board on 28 July 2005. MLT's principal strategy is to invest in a diversified portfolio of income-producing logistics real estate and real estate-related assets. As at 31 December 2023, it has a portfolio of 187 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of S$13.3 billion.