Short Interest in Mapletree Logistics Trust (OTCMKTS:MAPGF) Increases By 168.2%

Mapletree Logistics Trust (OTCMKTS:MAPGFGet Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,723,783 shares, a growth of 168.2% from the June 30th total of 1,388,473 shares. Based on an average trading volume of 4,800 shares, the short-interest ratio is currently 775.8 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Mapletree Logistics Trust to a “buy” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

View Our Latest Stock Analysis on MAPGF

Mapletree Logistics Trust Price Performance

Shares of MAPGF remained flat at $0.95 during mid-day trading on Monday. The business has a 50 day simple moving average of $0.97 and a 200 day simple moving average of $0.97. Mapletree Logistics Trust has a 52 week low of $0.81 and a 52 week high of $1.16.

About Mapletree Logistics Trust

(Get Free Report)

Mapletree Logistics Trust (OTCMKTS:MAPGF) is a Singapore‐listed real estate investment trust specializing in high‐quality logistics and distribution assets. It is externally managed by Mapletree Logistics Trust Management Ltd, a wholly owned subsidiary of Mapletree Investments Pte Ltd, and invests primarily in freestanding warehouses, multi‐user logistics facilities and distribution centres leased to third‐party logistics providers, e‐commerce companies and multinational distributors.

Since its initial public listing in April 2017, the trust has assembled a portfolio of strategically located properties across key Asia‐Pacific markets, including Singapore, China, Japan, Australia, Hong Kong, South Korea, Malaysia and Vietnam.

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