Keppel Corp. (OTCMKTS:KPELY) Short Interest Up 212.6% in May

Keppel Corp. (OTCMKTS:KPELY) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 11,164 shares, an increase of 212.6% from the April 30th total of 3,571 shares. Based on an average daily trading volume, of 2,677 shares, the short-interest ratio is currently 4.2 days. Approximately 0.0% of the company’s shares are sold short.

Keppel Stock Performance

Shares of OTCMKTS KPELY traded up $0.05 during midday trading on Friday, reaching $16.70. 6,538 shares of the company were exchanged, compared to its average volume of 2,420. Keppel has a one year low of $10.17 and a one year high of $21.11. The stock’s 50-day moving average price is $17.77 and its 200-day moving average price is $17.44.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Keppel to a “hold” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

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.