Keppel REIT (OTCMKTS:KREVF – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 3,450,871 shares, a drop of 55.9% from the July 30th total of 7,818,305 shares. Based on an average daily trading volume, of 162 shares, the days-to-cover ratio is presently 21,301.7 days. Currently, 0.1% of the company’s shares are sold short.
Keppel REIT Trading Down 1.2%
Shares of KREVF traded down $0.01 during trading hours on Friday, hitting $0.65. The company had a trading volume of 233 shares, compared to its average volume of 275. Keppel REIT has a 52-week low of $0.50 and a 52-week high of $1.20. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $0.68 and its 200 day moving average price is $0.70.
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.
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