Short Interest in Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Declines By 14.8%

Suntec Real Estate Investment Trust (OTCMKTS:SURVF) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 831,185 shares, a decrease of 14.8% from the February 26th total of 975,785 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,424 shares, the days-to-cover ratio is currently 583.7 days.

Suntec Real Estate Investment Trust Stock Performance

Shares of OTCMKTS SURVF opened at $1.20 on Tuesday. The stock’s fifty day moving average is $1.15 and its 200 day moving average is $1.05. Suntec Real Estate Investment Trust has a 52 week low of $0.85 and a 52 week high of $1.24.

Suntec Real Estate Investment Trust Company Profile

Suntec Real Estate Investment Trust, established in 2004, is a Singapore-based real estate investment trust that focuses on acquiring and managing office and retail properties. Its flagship asset, Suntec City, comprises six office towers and an expansive retail podium. The trust also holds significant interests in office towers within the Marina Bay Financial Centre, further solidifying its presence in Singapore’s central business district.

In an effort to diversify geographically, Suntec REIT has selectively expanded into Asia-Pacific markets, including the acquisition of landmark office properties in Melbourne, Australia.