Short Interest in CapitaLand Integrated Commercial Trust (OTCMKTS:CPAMF) Increases By 26.4%

CapitaLand Integrated Commercial Trust (OTCMKTS:CPAMFGet Rating) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 1,416,000 shares, an increase of 26.4% from the May 15th total of 1,120,000 shares. Based on an average daily volume of 29,100 shares, the days-to-cover ratio is presently 48.7 days.

CapitaLand Integrated Commercial Trust stock opened at $1.53 on Friday. The business has a fifty day moving average of $1.63 and a two-hundred day moving average of $1.57. CapitaLand Integrated Commercial Trust has a twelve month low of $1.16 and a twelve month high of $1.86.

Separately, Jefferies Financial Group lowered CapitaLand Integrated Commercial Trust from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th.

About CapitaLand Integrated Commercial Trust (Get Rating)

CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$14.0 billion as at 31 December 2020. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust.

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