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

Keppel Ltd. (OTCMKTS:KPELY) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 8,800 shares, an increase of 100.0% from the December 15th total of 4,400 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 1.8 days.

Wall Street Analysts Forecast Growth

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

Keppel Stock Performance

KPELY traded up $0.18 during trading hours on Thursday, hitting $9.74. 2,772 shares of the company’s stock were exchanged, compared to its average volume of 1,584. Keppel has a 1-year low of $8.45 and a 1-year high of $11.34. The stock’s 50-day moving average is $9.85 and its two-hundred day moving average is $9.75.

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.