Keppel REIT (OTCMKTS:KREVF) Short Interest Down 40.7% in January

Keppel REIT (OTCMKTS:KREVF) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 3,990,788 shares, a drop of 40.7% from the January 15th total of 6,731,094 shares. Based on an average trading volume of 7,534 shares, the days-to-cover ratio is currently 529.7 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 7,534 shares, the days-to-cover ratio is currently 529.7 days.

Keppel REIT Stock Performance

OTCMKTS:KREVF opened at $0.78 on Friday. Keppel REIT has a 12-month low of $0.50 and a 12-month high of $1.20. The stock’s fifty day simple moving average is $0.74 and its 200-day simple moving average is $0.76.

About Keppel REIT

Keppel REIT (OTCMKTS:KREVF) is a Singapore-based real estate investment trust sponsored by Keppel Land, a subsidiary of Keppel Corporation. Established in 2006 and listed on the Singapore Exchange, the REIT focuses on investing in premium office properties within the Asia-Pacific region.

The portfolio comprises six Grade A office buildings in Singapore’s Central Business District, including landmark developments such as Marina Bay Financial Centre Tower 1, Maritime Square Tower 2 and Ocean Financial Centre.