CapitaLand Integrated Commercial Trust (OTCMKTS:CPAMF) Sees Significant Drop in Short Interest

CapitaLand Integrated Commercial Trust (OTCMKTS:CPAMF) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 2,711,879 shares, a drop of 39.9% from the June 15th total of 4,511,715 shares. Based on an average trading volume of 28,032 shares, the short-interest ratio is presently 96.7 days.

CapitaLand Integrated Commercial Trust Stock Performance

Shares of OTCMKTS:CPAMF remained flat at $1.89 during mid-day trading on Friday. The business’s 50 day moving average price is $1.83 and its 200-day moving average price is $1.84. CapitaLand Integrated Commercial Trust has a 12 month low of $1.60 and a 12 month high of $2.10.

About CapitaLand Integrated Commercial Trust

CapitaLand Integrated Commercial Trust (OTCMKTS:CPAMF) is a Singapore-based real estate investment trust that owns and manages a diversified portfolio of integrated commercial properties. The trust’s assets comprise retail malls, office towers and mixed-use developments located primarily in Singapore, with select regional holdings that enhance its exposure to key markets in Asia. CICT aims to provide unitholders with stable distributions and long-term growth through active asset management and strategic capital allocation.

CICT was formed in September 2021 through the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust, creating one of Asia’s largest integrated commercial REITs.