Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Sees Significant Decrease in Short Interest

Suntec Real Estate Investment Trust (OTCMKTS:SURVF) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 19,485 shares, a drop of 43.8% from the August 15th total of 34,685 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 13 shares, the short-interest ratio is currently 1,498.8 days.

Suntec Real Estate Investment Trust Stock Performance

Shares of SURVF remained flat at $1.11 during mid-day trading on Thursday. The business has a 50-day moving average price of $1.08 and a two-hundred day moving average price of $1.12. Suntec Real Estate Investment Trust has a one year low of $0.88 and a one year high of $1.24.

Suntec Real Estate Investment Trust Company Profile

Suntec Real Estate Investment Trust (Suntec REIT) is a Singapore-listed real estate investment trust focused on owning and managing income-producing commercial properties. Its portfolio is primarily composed of office and retail assets, with properties located in Singapore, Australia and the United Kingdom.

The trust’s Singapore portfolio includes interests in Suntec City, an integrated commercial development comprising office space, retail facilities and convention-related amenities. Suntec REIT also has interests in prominent office properties in Singapore’s central business district, including assets associated with Marina Bay Financial Centre and One Raffles Quay.

Suntec REIT was established in 2004 and has expanded internationally through investments in commercial properties in Australia and the United Kingdom.