Keppel Corp. (OTCMKTS:KPELY) Short Interest Update

Key Points

• Keppel Corp. experienced a significant increase in short interest, rising by 133.3% from August to September, totaling 4,200 shares as of September 15th.
• The company recently cut its dividend, with a yield of 405.0%, and the most recent payment was $0.2313 for investors of record on August 13th.
• UBS Group assigned a buy rating to Keppel shares as part of its coverage, contributing to an overall average rating of "Buy" for the stock.

Keppel Corp. (OTCMKTS:KPELY - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,200 shares, an increase of 133.3% from the August 31st total of 1,800 shares. Based on an average daily trading volume, of 2,200 shares, the short-interest ratio is currently 1.9 days. Based on an average daily trading volume, of 2,200 shares, the short-interest ratio is currently 1.9 days.

Keppel Trading Up 0.9%

Shares of Keppel stock traded up $0.13 during trading hours on Friday, hitting $14.13. The company had a trading volume of 2,304 shares, compared to its average volume of 2,321. Keppel has a twelve month low of $7.93 and a twelve month high of $14.13. The company's 50-day moving average is $13.43 and its two-hundred day moving average is $11.69.

Keppel Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, UBS Group began coverage on shares of Keppel in a research note on Thursday, September 25th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

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.

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