Short Interest in Keppel REIT (OTCMKTS:KREVF) Drops By 40.7%

Keppel REIT (OTCMKTS:KREVF) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 3,990,788 shares, a drop of 40.7% from the January 15th total of 6,731,094 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 7,534 shares, the days-to-cover ratio is currently 529.7 days. Based on an average daily volume of 7,534 shares, the days-to-cover ratio is currently 529.7 days. Approximately 0.1% of the shares of the company are short sold.

Keppel REIT Stock Down 3.1%

KREVF stock traded down $0.02 during mid-day trading on Friday, reaching $0.78. 5,200 shares of the company traded hands, compared to its average volume of 4,609. The company has a fifty day moving average price of $0.74 and a 200-day moving average price of $0.76. Keppel REIT has a 52-week low of $0.50 and a 52-week high of $1.20.

About Keppel REIT

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.