Short Interest in CapitaLand India Trust (OTCMKTS:ACNDF) Declines By 11.7%

CapitaLand India Trust (OTCMKTS:ACNDF) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 265,800 shares, a decrease of 11.7% from the August 15th total of 301,000 shares. Based on an average daily trading volume, of 24,500 shares, the days-to-cover ratio is presently 10.8 days.

CapitaLand India Trust Stock Performance

CapitaLand India Trust stock opened at C$0.86 on Wednesday. The firm’s 50 day moving average price is C$0.80 and its two-hundred day moving average price is C$0.77. CapitaLand India Trust has a twelve month low of C$0.72 and a twelve month high of C$0.87.

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.