Keppel REIT (OTCMKTS:KREVF) Sees Large Decrease in Short Interest

Keppel REIT (OTCMKTS:KREVF) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 5,980,700 shares, a decrease of 9.5% from the January 15th total of 6,610,700 shares. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is presently 558.9 days.

Keppel REIT Stock Down 10.1 %

Shares of Keppel REIT stock opened at $0.57 on Monday. Keppel REIT has a 52-week low of $0.57 and a 52-week high of $0.77. The firm’s 50 day moving average price is $0.63 and its 200-day moving average price is $0.67.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group upgraded shares of Keppel REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 19th. Dbs Bank raised Keppel REIT to a “strong-buy” rating in a research report on Tuesday, October 22nd.

About Keppel REIT

Listed by way of an introduction on 28 April 2006, Keppel REIT is one of Asia's leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific's key business districts. Keppel REIT's objective is to generate stable income and sustainable long-term total return for its Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Asia Pacific.