Short Interest in Keppel REIT (OTCMKTS:KREVF) Decreases By 56.2%

Key Points

• Short interest in Keppel REIT decreased significantly by 56.2% in September, dropping from 791,000 shares to 346,800 shares.
• The current days-to-cover ratio for Keppel REIT shares stands at 55.0 days, based on an average daily volume of 6,300 shares.
• As of the latest trading, Keppel REIT's stock price is at $0.83, with a fifty-two week range between $0.56 and $0.83.

Keppel REIT (OTCMKTS:KREVF - ) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 346,800 shares, a drop of 56.2% from the August 31st total of 791,000 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 55.0 days. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 55.0 days.

Keppel REIT Stock Up 0.3%

Shares of KREVF stock traded up $0.00 during mid-day trading on Friday, reaching $0.83. 2,858 shares of the company were exchanged, compared to its average volume of 2,892. Keppel REIT has a fifty-two week low of $0.56 and a fifty-two week high of $0.83. The business's 50 day simple moving average is $0.75 and its 200 day simple moving average is $0.68.

About Keppel REIT

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.