Keppel Corp. (OTCMKTS:KPELY) Short Interest Update

Keppel Corp. (OTCMKTS:KPELY) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 11,164 shares, a growth of 212.6% from the April 30th total of 3,571 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,677 shares, the days-to-cover ratio is currently 4.2 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Keppel to a “hold” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Keppel Stock Up 0.3%

OTCMKTS:KPELY opened at $16.70 on Friday. Keppel has a 12 month low of $10.17 and a 12 month high of $21.11. The firm’s 50 day moving average is $17.77 and its 200 day moving average is $17.44.

About Keppel

Keppel Corporation Ltd is a Singapore?headquartered conglomerate offering diversified businesses spanning offshore & marine, property, infrastructure, and asset management. Through its Offshore & Marine arm, Keppel designs, builds and repairs mobile offshore drilling units, production platforms and specialized vessels, while pursuing new energy solutions such as offshore wind foundations and floating solar platforms. Its property division develops residential, commercial and mixed?use projects across Asia, Europe and the Americas, complemented by real estate investment trusts and fund management services.

In the infrastructure segment, Keppel delivers integrated solutions for power generation, water treatment, waste management and district cooling.