Keppel DC REIT (OTCMKTS:KPDCF) Sees Large Growth in Short Interest

Keppel DC REIT (OTCMKTS:KPDCF) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 1,927,221 shares, a growth of 1,190.2% from the December 15th total of 149,372 shares. Based on an average daily volume of 1,737 shares, the days-to-cover ratio is currently 1,109.5 days. Based on an average daily volume of 1,737 shares, the days-to-cover ratio is currently 1,109.5 days.

Keppel DC REIT Stock Performance

Shares of OTCMKTS:KPDCF remained flat at $1.67 on Wednesday. Keppel DC REIT has a one year low of $0.75 and a one year high of $2.40. The company’s fifty day simple moving average is $1.76 and its two-hundred day simple moving average is $1.82.

Keppel DC REIT Company Profile

Keppel DC REIT is a Singapore-based real estate investment trust established in August 2014 with a focused portfolio of income-producing data centre properties. It represents Asia’s first listed pure-play data centre REIT and seeks to generate stable, long-term returns by investing in a diversified suite of facilities that support the growing demand for digital infrastructure. The trust is supported by Keppel Data Centres Holding Pte Ltd, the sponsor responsible for origination, asset management and development of data centre assets.

The REIT’s portfolio spans key markets across the Asia Pacific and Europe, including Singapore, Malaysia, Australia, the United Kingdom and Germany.