Short Interest in Keppel DC REIT (OTCMKTS:KPDCF) Decreases By 22.3%

Keppel DC REIT (OTCMKTS:KPDCF) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,622,800 shares, a decline of 22.3% from the February 28th total of 2,089,100 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 772.8 days.

Keppel DC REIT Stock Performance

Shares of KPDCF stock remained flat at $1.33 on Tuesday. Keppel DC REIT has a 52-week low of $0.75 and a 52-week high of $2.40. The stock has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $1.61.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Keppel DC REIT to a “buy” rating in a research report on Tuesday, February 4th.

Keppel DC REIT Company Profile

Keppel DC REIT was listed on the Singapore Exchange on 12 December 2014 as the first pure-play data centre REIT in Asia. Keppel DC REIT’s investment strategy is to principally invest, directly or indirectly, in a diversified portfolio of income-producing real estate assets which are used primarily for data centre purposes, as well as real estate and assets necessary to support the digital economy.