Mapletree Logistics Trust (OTCMKTS:MAPGF) Short Interest Update

Mapletree Logistics Trust (OTCMKTS:MAPGF) was the target of a significant 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 daily volume of 4,800 shares, the days-to-cover ratio is currently 775.8 days.

Mapletree Logistics Trust Price Performance

OTCMKTS:MAPGF remained flat at $0.95 on Monday. Mapletree Logistics Trust has a 1 year low of $0.81 and a 1 year high of $1.16. The stock’s fifty day moving average price is $0.97 and its 200-day moving average price is $0.97.

Analysts Set New Price Targets

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

About Mapletree Logistics Trust

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.