Short Interest in Keppel REIT (OTCMKTS:KREVF) Expands By 18.5%

Keppel REIT (OTCMKTS:KREVF) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 18,494,643 shares, a growth of 18.5% from the March 31st total of 15,604,110 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 2,412 shares, the short-interest ratio is currently 7,667.8 days.

Keppel REIT Stock Performance

Shares of Keppel REIT stock opened at $0.70 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.41. Keppel REIT has a 52 week low of $0.50 and a 52 week high of $1.20. The firm has a fifty day moving average of $0.72 and a two-hundred day moving average of $0.75.

Wall Street Analysts Forecast Growth

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

About Keppel REIT

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.