Keppel Ltd. (OTCMKTS:KPELY) Short Interest Down 85.7% in November

Keppel Ltd. (OTCMKTS:KPELY) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 300 shares, a decline of 85.7% from the October 31st total of 2,100 shares. Based on an average daily trading volume, of 7,100 shares, the short-interest ratio is presently 0.0 days.

Keppel Price Performance

Shares of OTCMKTS:KPELY traded down $0.37 during trading on Wednesday, hitting $9.58. The company’s stock had a trading volume of 1,345 shares, compared to its average volume of 6,847. The company has a 50-day moving average of $9.90 and a 200-day moving average of $9.73. Keppel has a 12 month low of $8.45 and a 12 month high of $11.22.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Keppel to a “strong-buy” rating in a research report on Wednesday, October 2nd.

About Keppel

Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.