Keppel REIT (OTCMKTS:KREVF) Short Interest Up 97.9% in December

Keppel REIT (OTCMKTS:KREVF) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 6,733,562 shares, a growth of 97.9% from the December 15th total of 3,402,252 shares. Based on an average daily trading volume, of 2,579 shares, the short-interest ratio is presently 2,610.9 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,579 shares, the short-interest ratio is presently 2,610.9 days.

Keppel REIT Price Performance

Shares of Keppel REIT stock opened at $0.78 on Friday. The company’s 50-day moving average price is $0.74 and its 200-day moving average price is $0.75. Keppel REIT has a 12-month low of $0.50 and a 12-month high of $1.20.

Keppel REIT Company Profile

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.