Short Interest in CapitaLand India Trust (OTCMKTS:ACNDF) Grows By 265.3%

CapitaLand India Trust (OTCMKTS:ACNDF) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 3,292,900 shares, an increase of 265.3% from the January 31st total of 901,500 shares. Based on an average trading volume of 10,400 shares, the short-interest ratio is currently 316.6 days.

CapitaLand India Trust Stock Performance

Shares of CapitaLand India Trust stock opened at C$0.77 on Friday. The firm’s 50-day simple moving average is C$0.77 and its 200-day simple moving average is C$0.80. CapitaLand India Trust has a twelve month low of C$0.72 and a twelve month high of C$0.89.

About CapitaLand India Trust

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.