Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Sees Large Increase in Short Interest

Suntec Real Estate Investment Trust (OTCMKTS:SURVF) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 4,711,800 shares, a growth of 69.1% from the March 31st total of 2,786,200 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is currently 2,243.7 days.

Suntec Real Estate Investment Trust Stock Performance

Shares of OTCMKTS SURVF opened at $0.79 on Friday. Suntec Real Estate Investment Trust has a 12 month low of $0.77 and a 12 month high of $1.01. The company has a 50-day simple moving average of $0.86 and a 200-day simple moving average of $0.85.

About Suntec Real Estate Investment Trust

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore's largest integrated commercial development (including one of Singapore's largest shopping mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay and a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall.