Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Sees Large Decline in Short Interest

Key Points

• Suntec Real Estate Investment Trust experienced a significant decline in short interest, dropping by 50.1% from August to September, with current short interest at 569,800 shares.
• The stock opened at $0.98, with its twelve-month range between $0.85 and $1.02, indicating stability in a fluctuating market.
• Suntec REIT holds a 66.3% interest in the Suntec Singapore Convention & Exhibition Centre, among other key properties, making it a significant player in Singapore's commercial real estate market.

Suntec Real Estate Investment Trust (OTCMKTS:SURVF - ) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 569,800 shares, a decrease of 50.1% from the August 31st total of 1,142,900 shares. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is currently 189.9 days. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is currently 189.9 days.

Suntec Real Estate Investment Trust Trading Down 1.7%

Suntec Real Estate Investment Trust stock opened at $0.98 on Friday. The firm's 50 day moving average price is $0.96 and its two-hundred day moving average price is $0.89. Suntec Real Estate Investment Trust has a twelve month low of $0.85 and a twelve month high of $1.02.

About Suntec Real Estate Investment Trust

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore's largest integrated commercial development (including one of Singapore's largest shopping mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay and a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall.

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