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

CapitaLand India Trust (OTCMKTS:ACNDF) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 480,100 shares, a growth of 347.4% from the October 31st total of 107,300 shares. Based on an average daily volume of 58,500 shares, the short-interest ratio is currently 8.2 days.

CapitaLand India Trust Price Performance

Shares of ACNDF stock traded down C$0.03 during mid-day trading on Wednesday, reaching C$0.77. The stock had a trading volume of 15,757 shares, compared to its average volume of 17,448. The stock’s 50-day moving average price is C$0.83 and its two-hundred day moving average price is C$0.80. CapitaLand India Trust has a 52-week low of C$0.72 and a 52-week high of C$0.89.

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.