Mapletree Logistics Trust (OTCMKTS:MAPGF) Short Interest Update

Mapletree Logistics Trust (OTCMKTS:MAPGF) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,810,021 shares, a drop of 47.9% from the May 14th total of 3,472,716 shares. Based on an average trading volume of 4,273 shares, the short-interest ratio is presently 423.6 days.

Mapletree Logistics Trust Price Performance

Shares of OTCMKTS MAPGF remained flat at $0.95 during trading hours on Friday. Mapletree Logistics Trust has a 52-week low of $0.79 and a 52-week high of $1.16. The company has a 50 day moving average price of $0.93 and a 200-day moving average price of $0.97.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Mapletree Logistics Trust to a “buy” rating in a report on Monday, April 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About Mapletree Logistics Trust

Mapletree Logistics Trust (OTCMKTS:MAPGF) is a Singapore‐listed real estate investment trust specializing in high‐quality logistics and distribution assets. It is externally managed by Mapletree Logistics Trust Management Ltd, a wholly owned subsidiary of Mapletree Investments Pte Ltd, and invests primarily in freestanding warehouses, multi‐user logistics facilities and distribution centres leased to third‐party logistics providers, e‐commerce companies and multinational distributors.

Since its initial public listing in April 2017, the trust has assembled a portfolio of strategically located properties across key Asia‐Pacific markets, including Singapore, China, Japan, Australia, Hong Kong, South Korea, Malaysia and Vietnam.