Short Interest in Keppel Corp. (OTCMKTS:KPELY) Increases By 206.3%

Key Points

• Short interest in Keppel Corp. increased by 206.3% in July, rising from 1,600 shares to 4,900 shares.
• The company recently announced a dividend of $0.2313, set to be paid on August 28th, offering a significant dividend yield of 405.0%.
• Keppel's stock traded at $13.69 with a 12-month range between $7.93 and $14.00, reflecting its fluctuating performance.

Keppel Corp. (OTCMKTS:KPELY - ) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 4,900 shares, anincreaseof206.3% from the July 15th total of 1,600 shares. Approximately0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 0.7 days. Approximately0.0% of the shares of the stock are sold short.

Keppel Stock Performance

KPELY stock traded up $0.45 during mid-day trading on Friday, hitting $13.69. The company had a trading volume of 1,859 shares, compared to its average volume of 5,074. The company has a 50-day moving average price of $12.42 and a 200 day moving average price of $10.85. Keppel has a 12-month low of $7.93 and a 12-month high of $14.00. 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 announced a dividend, which will be paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th will be issued a $0.2313 dividend. The ex-dividend date is Tuesday, August 12th. This represents a dividend yield of 405.0%.

Keppel Company Profile

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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