Keppel REIT (OTCMKTS:KREVF) Sees Large Decline 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. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 9,294 shares, the days-to-cover ratio is currently 1,110.6 days.

Keppel REIT Price Performance

Keppel REIT stock remained flat at $0.62 during trading hours on Monday. 25 shares of the company’s stock traded hands, compared to its average volume of 4,168. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.12 and a current ratio of 0.12. The company’s fifty day moving average is $0.69 and its two-hundred day moving average is $0.72. Keppel REIT has a 1 year low of $0.50 and a 1 year high of $1.20.

Wall Street Analyst Weigh In

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

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.