Keppel Corp. (OTCMKTS:KPELY) Short Interest Update

Keppel Corp. (OTCMKTS:KPELY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,327 shares, a drop of 79.2% from the May 14th total of 11,164 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 8,859 shares, the days-to-cover ratio is currently 0.3 days.

Keppel Stock Down 1.5%

OTCMKTS:KPELY traded down $0.25 during trading hours on Wednesday, reaching $16.30. 254 shares of the stock were exchanged, compared to its average volume of 3,816. The business has a 50-day moving average of $17.44 and a two-hundred day moving average of $17.53. Keppel has a twelve month low of $10.84 and a twelve month high of $21.11.

Analysts Set New Price Targets

Separately, Zacks Research raised Keppel to a “hold” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Keppel has an average rating of “Moderate Buy”.

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.