Keppel Corp. (OTCMKTS:KPELY – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 9,039 shares, an increase of 288.4% from the May 31st total of 2,327 shares. Based on an average trading volume of 8,316 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the company’s stock are sold short.
Keppel Stock Performance
Shares of Keppel stock remained flat at $16.46 during trading on Monday. 1,130 shares of the stock were exchanged, compared to its average volume of 4,025. The firm’s fifty day simple moving average is $17.09 and its two-hundred day simple moving average is $17.68. Keppel has a 1-year low of $11.23 and a 1-year high of $21.11.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Keppel to a “hold” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
About Keppel
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.
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