Short Interest in Keppel DC REIT (OTCMKTS:KPDCF) Declines By 38.8%

Keppel DC REIT (OTCMKTS:KPDCF) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,428,943 shares, a drop of 38.8% from the August 15th total of 3,966,050 shares. Based on an average trading volume of 624 shares, the short-interest ratio is presently 3,892.5 days.

Keppel DC REIT Price Performance

Keppel DC REIT stock remained flat at $1.62 during trading on Wednesday. The company has a 50 day moving average price of $1.73 and a two-hundred day moving average price of $1.80. Keppel DC REIT has a 1-year low of $1.51 and a 1-year high of $2.20.

Keppel DC REIT Company Profile

Keppel DC REIT is a Singapore-based real estate investment trust established in August 2014 with a focused portfolio of income-producing data centre properties. It represents Asia’s first listed pure-play data centre REIT and seeks to generate stable, long-term returns by investing in a diversified suite of facilities that support the growing demand for digital infrastructure. The trust is supported by Keppel Data Centres Holding Pte Ltd, the sponsor responsible for origination, asset management and development of data centre assets.

The REIT’s portfolio spans key markets across the Asia Pacific and Europe, including Singapore, Malaysia, Australia, the United Kingdom and Germany.