Keppel Corp. (OTCMKTS:KPELY) Short Interest Update

Keppel Corp. (OTCMKTS:KPELY) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 9,039 shares, a growth of 288.4% from the May 31st total of 2,327 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 8,316 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Keppel to a “hold” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Keppel Stock Down 6.3%

Shares of KPELY traded down $1.11 during mid-day trading on Friday, hitting $16.46. The company’s stock had a trading volume of 1,130 shares, compared to its average volume of 4,296. The stock’s 50-day moving average is $17.09 and its two-hundred day moving average is $17.66. Keppel has a one year low of $11.23 and a one year high of $21.11.

Keppel Company Profile

Keppel Corporation Ltd is a Singapore‐headquartered conglomerate offering diversified businesses spanning offshore & marine, property, infrastructure, and asset management. Through its Offshore & Marine arm, Keppel designs, builds and repairs mobile offshore drilling units, production platforms and specialized vessels, while pursuing new energy solutions such as offshore wind foundations and floating solar platforms. Its property division develops residential, commercial and mixed‐use projects across Asia, Europe and the Americas, complemented by real estate investment trusts and fund management services.

In the infrastructure segment, Keppel delivers integrated solutions for power generation, water treatment, waste management and district cooling.