Keppel REIT (OTCMKTS:KREVF) Short Interest Up 324.8% in December

Keppel REIT (OTCMKTS:KREVF) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 3,402,252 shares, a growth of 324.8% from the November 30th total of 800,979 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 400 shares, the short-interest ratio is presently 8,505.6 days. Based on an average daily volume of 400 shares, the short-interest ratio is presently 8,505.6 days. Approximately 0.1% of the company’s shares are short sold.

Keppel REIT Stock Performance

OTCMKTS:KREVF opened at $0.61 on Thursday. Keppel REIT has a twelve month low of $0.50 and a twelve month high of $0.85. The firm’s fifty day simple moving average is $0.77 and its 200 day simple moving average is $0.75.

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.