Keppel REIT (OTCMKTS:KREVF) Sees Significant Decrease in Short Interest

Key Points

• Short interest in Keppel REIT decreased by 25.4% in August, falling to 791,000 shares from 1,060,800 shares, indicating reduced bearish sentiment.
• The company's stock price remained flat at $0.76 with very low trading volume, totaling just 5 shares on the reporting day against an average of 1,655 shares.
• Keppel REIT is recognized as one of Asia's leading real estate investment trusts, focusing on generating stable income from high-quality commercial real estate assets in key business districts.

Keppel REIT (OTCMKTS:KREVF - Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 791,000 shares, a decrease of 25.4% from the August 15th total of 1,060,800 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 2,636.7 days. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 2,636.7 days. Approximately 0.0% of the shares of the stock are short sold.

Keppel REIT Price Performance

Shares of Keppel REIT stock remained flat at $0.76 during midday trading on Friday. The company has a current ratio of 0.46, a quick ratio of 0.13 and a debt-to-equity ratio of 0.43. Keppel REIT has a 1-year low of $0.56 and a 1-year high of $0.77. The stock has a 50-day simple moving average of $0.73 and a two-hundred day simple moving average of $0.67.

Keppel REIT Company Profile

Listed by way of an introduction on 28 April 2006, Keppel REIT is one of Asia's leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific's key business districts. Keppel REIT's objective is to generate stable income and sustainable long-term total return for its Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Asia Pacific.