Keppel REIT (OTCMKTS:KREVF) Sees Large Drop in Short Interest

Keppel REIT (OTCMKTS:KREVF) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 10,321,770 shares, a decrease of 39.0% from the May 14th total of 16,909,682 shares. Based on an average daily volume of 9,294 shares, the days-to-cover ratio is presently 1,110.6 days. Currently, 0.3% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Keppel REIT to a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Keppel REIT Stock Performance

Keppel REIT stock opened at $0.62 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.41. Keppel REIT has a 12 month low of $0.50 and a 12 month high of $1.20. The stock’s 50 day moving average is $0.69 and its 200-day moving average is $0.72.

Keppel REIT Company Profile

Keppel REIT (OTCMKTS:KREVF) is a Singapore-based real estate investment trust sponsored by Keppel Land, a subsidiary of Keppel Corporation. Established in 2006 and listed on the Singapore Exchange, the REIT focuses on investing in premium office properties within the Asia-Pacific region.

The portfolio comprises six Grade A office buildings in Singapore’s Central Business District, including landmark developments such as Marina Bay Financial Centre Tower 1, Maritime Square Tower 2 and Ocean Financial Centre.