Keppel Ltd. (OTCMKTS:KPELY) Sees Significant Growth in Short Interest

Keppel Ltd. (OTCMKTS:KPELY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 4,400 shares, an increase of 100.0% from the September 30th total of 2,200 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is presently 1.6 days.

Keppel Stock Up 3.2 %

Shares of KPELY stock traded up $0.31 during trading hours on Monday, hitting $9.71. 400 shares of the company were exchanged, compared to its average volume of 7,417. The business has a 50 day moving average of $9.81 and a two-hundred day moving average of $9.80. Keppel has a 52 week low of $8.45 and a 52 week high of $11.22.

Keppel Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a $0.2243 dividend. The ex-dividend date of this dividend was Wednesday, August 14th.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Keppel to a “strong-buy” rating in a research report on Wednesday, October 2nd.

Keppel Company Profile

Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.