CapitaLand India Trust (OTCMKTS:ACNDF) Sees Significant Growth in Short Interest

CapitaLand India Trust (OTCMKTS:ACNDF) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 411,100 shares, an increase of 9.3% from the December 15th total of 376,000 shares. Based on an average daily trading volume, of 70,300 shares, the days-to-cover ratio is currently 5.8 days.

CapitaLand India Trust Stock Down 0.1 %

Shares of ACNDF stock opened at C$0.74 on Friday. CapitaLand India Trust has a fifty-two week low of C$0.72 and a fifty-two week high of C$0.89. The firm’s 50 day moving average price is C$0.78 and its two-hundred day moving average price is C$0.80.

CapitaLand India Trust Company Profile

CapitaLand India Trust (CLINT) was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2007 as the first Indian property trust in Asia. Its principal objective is to own income-producing real estate used primarily as business space in India. CLINT may also develop and acquire land or uncompleted developments primarily to be used as business space, with the objective of holding the properties upon completion.