Keppel REIT (OTCMKTS:KREVF) Sees Significant Decrease in Short Interest

Keppel REIT (OTCMKTS:KREVF - Get Free Report) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 5,980,700 shares, a drop of 9.5% from the January 15th total of 6,610,700 shares. Based on an average trading volume of 10,700 shares, the short-interest ratio is currently 558.9 days.

Keppel REIT Price Performance

Shares of KREVF remained flat at $0.57 during midday trading on Thursday. 60,700 shares of the stock were exchanged, compared to its average volume of 73. The company's 50 day simple moving average is $0.63 and its 200 day simple moving average is $0.67. Keppel REIT has a 52 week low of $0.57 and a 52 week high of $0.77.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Keppel REIT from a "strong sell" rating to a "hold" rating in a report on Tuesday, November 19th.

Keppel REIT Company Profile

Listed by way of an introduction on 28 April 2006, Keppel REIT is one of Asia's leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific's key business districts. Keppel REIT's objective is to generate stable income and sustainable long-term total return for its Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Asia Pacific.