Keppel Corp. (OTCMKTS:KPELY) Sees Large Decrease in Short Interest

Keppel Corp. (OTCMKTS:KPELY) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 7,698 shares, a drop of 46.8% from the September 30th total of 14,481 shares. Based on an average daily trading volume, of 5,937 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the company’s stock are sold short.

Keppel Stock Down 3.0%

KPELY traded down $0.48 during trading on Friday, hitting $15.40. The company had a trading volume of 1,453 shares, compared to its average volume of 3,153. The business has a 50-day moving average of $17.22 and a 200-day moving average of $17.75. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. Keppel has a 1-year low of $14.37 and a 1-year high of $21.11.

About Keppel

Keppel Ltd. is a Singapore-based global asset manager and operator focused on infrastructure, real estate and connectivity. The company develops, manages and invests in assets that support urbanization, digitalization and the transition to a lower-carbon economy.

Its infrastructure activities include energy and environmental solutions, such as power generation, renewable energy, district cooling, waste management and decarbonization-related services. Keppel also operates in data centers and other digital infrastructure, providing facilities and connectivity solutions for the growing digital economy.

Through its real estate business, Keppel develops and manages commercial, residential and mixed-use properties, as well as integrated townships and other urban projects.