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

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

Wall Street Analysts Forecast Growth

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

Keppel REIT Price Performance

Shares of OTCMKTS:KREVF remained flat at $0.57 during midday trading on Friday. The business has a 50-day moving average price of $0.63 and a two-hundred day moving average price of $0.67. Keppel REIT has a 12-month low of $0.57 and a 12-month high of $0.77.

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.