Keppel REIT (OTCMKTS:KREVF) Short Interest Update

Keppel REIT (OTCMKTS:KREVF) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 5,980,700 shares, a drop of 9.5% from the January 15th total of 6,610,700 shares. Based on an average daily volume of 10,700 shares, the days-to-cover ratio is currently 558.9 days.

Keppel REIT Stock Down 10.1 %

OTCMKTS KREVF opened at $0.57 on Tuesday. Keppel REIT has a fifty-two week low of $0.57 and a fifty-two week high of $0.77. The firm’s fifty day moving average price is $0.63 and its two-hundred day moving average price is $0.67.

Analysts Set New Price Targets

KREVF has been the topic of a number of analyst reports. Dbs Bank upgraded shares of Keppel REIT to a “strong-buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group upgraded shares of Keppel REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 19th.

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.