Keppel REIT (OTCMKTS:KREVF) Sees Significant Decline in Short Interest

Keppel REIT (OTCMKTS:KREVF) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 5,980,700 shares, a decrease of 9.5% from the January 15th total of 6,610,700 shares. Based on an average daily volume of 10,700 shares, the days-to-cover ratio is currently 558.9 days.

Keppel REIT Stock Performance

Shares of KREVF stock opened at $0.57 on Monday. Keppel REIT has a 12-month low of $0.57 and a 12-month high of $0.77. The firm’s 50 day moving average is $0.63 and its 200 day moving average is $0.67.

Analysts Set New Price Targets

Several research firms have weighed in on KREVF. Dbs Bank raised Keppel REIT to a “strong-buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised shares of Keppel REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 19th.

About Keppel REIT

Listed by way of an introduction on 28 April 2006, Keppel REIT is one of Asia's leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific's key business districts. Keppel REIT's objective is to generate stable income and sustainable long-term total return for its Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Asia Pacific.