Mapletree Logistics Trust (OTCMKTS:MAPGF – Get Free Report) 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 days-to-cover ratio is currently 423.6 days.
Analyst Ratings Changes
Separately, The Goldman Sachs Group upgraded 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, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
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Mapletree Logistics Trust Stock Performance
Mapletree Logistics Trust Company Profile
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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