Short Interest in Mapletree Industrial Trust (OTCMKTS:MAPIF) Grows By 174.5%

Mapletree Industrial Trust (OTCMKTS:MAPIF – Get Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,184,900 shares, an increase of 174.5% from the April 30th total of 431,600 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 11,849.0 days.

Analyst Upgrades and Downgrades

Separately, HSBC upgraded shares of Mapletree Industrial Trust from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th.

Mapletree Industrial Trust Stock Performance

Shares of MAPIF stock remained flat at $1.78 during trading on Friday. The stock’s 50 day simple moving average is $1.77 and its two-hundred day simple moving average is $1.70. Mapletree Industrial Trust has a 52 week low of $1.47 and a 52 week high of $1.99.

About Mapletree Industrial Trust

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Mapletree Industrial Trust engages in the provision of real estate solutions and investment in industrial properties. It operates through the following segments: Flatted Factories, Hi-Tech Buildings, Business Park Buildings, Stack-Up and Ramp-Up Buildings and Light Industrial Buildings. The company was founded on January 29, 2008 and is headquartered in Singapore.