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

Mapletree Logistics Trust (OTCMKTS:MAPGF) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 6,519,500 shares, anincreaseof52.7% from the July 15th total of 4,269,600 shares. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is currently 4,074.7 days. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is currently 4,074.7 days.

Mapletree Logistics Trust Price Performance

Shares of Mapletree Logistics Trust stock opened at $0.9669 on Thursday. The firm has a 50 day simple moving average of $0.89 and a 200 day simple moving average of $0.89. Mapletree Logistics Trust has a fifty-two week low of $0.7946 and a fifty-two week high of $1.20.

Mapletree Logistics Trust Company Profile

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.