Keppel Ltd. (OTCMKTS:KPELY - Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 4,400 shares, an increase of 100.0% from the September 30th total of 2,200 shares. Based on an average daily volume of 2,700 shares, the short-interest ratio is presently 1.6 days.
Keppel Stock Down 1.8 %
OTCMKTS KPELY traded down $0.18 during midday trading on Monday, hitting $9.53. 1,359 shares of the company traded hands, compared to its average volume of 7,381. Keppel has a 52 week low of $8.45 and a 52 week high of $11.22. The company's 50-day simple moving average is $9.81 and its 200-day simple moving average is $9.80.
Keppel Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.2243 per share. The ex-dividend date was Wednesday, August 14th.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group raised shares of Keppel to a "strong-buy" rating in a research note on Wednesday, October 2nd.
Read Our Latest Research Report on Keppel
Keppel Company Profile
(
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Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.
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