Short Interest in Keppel REIT (OTCMKTS:KREVF) Rises By 97.9%

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

Keppel REIT Stock Performance

KREVF stock traded up $0.09 during midday trading on Thursday, reaching $0.81. 439 shares of the company’s stock traded hands, compared to its average volume of 776. The firm’s fifty day moving average price is $0.74 and its 200-day moving average price is $0.75. Keppel REIT has a 52 week low of $0.50 and a 52 week high of $1.20.

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.