Short Interest in Keppel REIT (OTCMKTS:KREVF) Drops By 39.0%

Keppel REIT (OTCMKTS:KREVF) was the target of a large decrease in short interest during the month of 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. Based on an average daily volume of 9,294 shares, the short-interest ratio is currently 1,110.6 days. Currently, 0.3% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Keppel REIT Stock Performance

Shares of KREVF stock remained flat at $0.62 on Tuesday. 25 shares of the company were exchanged, compared to its average volume of 4,168. The stock’s 50-day simple moving average is $0.69 and its two-hundred day simple moving average is $0.72. Keppel REIT has a 1 year low of $0.50 and a 1 year high of $1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.12 and a current ratio of 0.12.

Keppel REIT Company Profile

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.