CapitaLand India Trust (OTCMKTS:ACNDF) Sees Significant Increase in Short Interest

CapitaLand India Trust (OTCMKTS:ACNDF) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 679,200 shares, a growth of 33.9% from the March 15th total of 507,400 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is currently 104.5 days.

CapitaLand India Trust Trading Down 3.9 %

OTCMKTS:ACNDF opened at C$0.73 on Monday. The stock has a fifty day moving average price of C$0.77 and a 200-day moving average price of C$0.79. CapitaLand India Trust has a fifty-two week low of C$0.72 and a fifty-two week high of C$0.88.

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.