Keppel Corp. (OTCMKTS:KPELY) Sees Significant Growth in Short Interest

Keppel Corp. (OTCMKTS:KPELY) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 11,005 shares, a growth of 49.0% from the July 30th total of 7,385 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 10,882 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Keppel to a “hold” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Keppel presently has a consensus rating of “Moderate Buy”.

Keppel Stock Up 1.6%

Shares of KPELY stock opened at $18.61 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 0.84. The firm’s 50-day moving average is $17.60 and its two-hundred day moving average is $17.97. Keppel has a 12 month low of $13.02 and a 12 month high of $21.11.

About Keppel

Keppel Corporation Ltd is a Singapore‐headquartered conglomerate offering diversified businesses spanning offshore & marine, property, infrastructure, and asset management. Through its Offshore & Marine arm, Keppel designs, builds and repairs mobile offshore drilling units, production platforms and specialized vessels, while pursuing new energy solutions such as offshore wind foundations and floating solar platforms. Its property division develops residential, commercial and mixed‐use projects across Asia, Europe and the Americas, complemented by real estate investment trusts and fund management services.

In the infrastructure segment, Keppel delivers integrated solutions for power generation, water treatment, waste management and district cooling.