Short Interest in CapitaLand India Trust (OTCMKTS:ACNDF) Expands By 9.3%

CapitaLand India Trust (OTCMKTS:ACNDF) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 411,100 shares, an increase of 9.3% from the December 31st 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 Performance

Shares of OTCMKTS:ACNDF opened at C$0.75 on Monday. The company’s fifty day moving average is C$0.77 and its 200 day moving average 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.