Keppel REIT (OTCMKTS:KREVF) Sees Large Increase in Short Interest

Key Points

• Short interest surged 30.2% to 15,604,110 shares as of March 31, producing an extraordinary short-interest ratio of 3,169.0 days based on average daily volume (4,924) and with 0.4% of shares sold short.
• Shares are under pressure, trading down 5.2% and opening at $0.72, near a 52-week low of $0.50 (52-week high $1.20) with 50- and 200-day moving averages around $0.74–$0.76.
• Keppel REIT is a Singapore-based REIT focused on Grade A office properties in the CBD (including Marina Bay Financial Centre and Ocean Financial Centre) and shows modest leverage (debt-to-equity 0.41) but low liquidity ratios (quick and current ratios of 0.12).

Keppel REIT (OTCMKTS:KREVF - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 15,604,110 shares, a growth of 30.2% from the March 15th total of 11,980,484 shares. Based on an average daily volume of 4,924 shares, the short-interest ratio is presently 3,169.0 days. Currently, 0.4% of the shares of the stock are sold short.

Keppel REIT Trading Down 5.2%

Shares of OTCMKTS:KREVF opened at $0.72 on Thursday. Keppel REIT has a 52 week low of $0.50 and a 52 week high of $1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.12 and a current ratio of 0.12. The company's fifty day moving average is $0.74 and its 200-day moving average is $0.76.

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.

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