Keppel Corp. (OTCMKTS:KPELY) Short Interest Update

Key Points

• Keppel Corp. experienced a significant decrease in short interest, falling 95.9% in August to just 200 shares compared to 4,900 shares at the end of July.
• The company's stock saw an increase of $0.49 during trading, reaching a price of $13.78, with a 52-week range between $7.93 and $14.10.
• Keppel announced a dividend payment of $0.2313 per share, with a yield of 405.0%, following an ex-dividend date of August 12th.

Keppel Corp. (OTCMKTS:KPELY - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 200 shares, adeclineof95.9% from the July 31st total of 4,900 shares. Based on an average daily trading volume, of 7,000 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 7,000 shares, the days-to-cover ratio is presently 0.0 days.

Keppel Stock Performance

KPELY traded down $0.39 during midday trading on Friday, hitting $13.36. 2,008 shares of the company were exchanged, compared to its average volume of 2,450. Keppel has a 1-year low of $7.93 and a 1-year high of $14.10. The firm's 50 day moving average price is $13.02 and its 200-day moving average price is $11.21. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 0.92.

Keppel Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were paid a $0.2313 dividend. This represents a dividend yield of 405.0%. The ex-dividend date of this dividend was Tuesday, August 12th.

About Keppel

Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.