Mapletree Logistics Trust (OTCMKTS:MAPGF) Short Interest Update

Mapletree Logistics Trust (OTCMKTS:MAPGF) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,810,021 shares, a decrease of 47.9% from the May 14th total of 3,472,716 shares. Based on an average daily volume of 4,273 shares, the short-interest ratio is presently 423.6 days.

Mapletree Logistics Trust Stock Performance

Shares of MAPGF opened at $0.95 on Tuesday. Mapletree Logistics Trust has a 12 month low of $0.79 and a 12 month high of $1.16. The firm has a fifty day simple moving average of $0.93 and a 200 day simple moving average of $0.97.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised 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 company presently has a consensus 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.