Keppel DC REIT (OTCMKTS:KPDCF) Sees Significant Growth in Short Interest

Keppel DC REIT (OTCMKTS:KPDCFGet Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,787,000 shares, a growth of 133.4% from the March 15th total of 1,622,800 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Keppel DC REIT Price Performance

Shares of OTCMKTS:KPDCF opened at $1.86 on Wednesday. The stock’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $1.61. Keppel DC REIT has a 12-month low of $0.75 and a 12-month high of $2.40.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Keppel DC REIT to a “buy” rating in a research note on Tuesday, February 4th.

Read Our Latest Stock Analysis on Keppel DC REIT

About Keppel DC REIT

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Keppel DC REIT was listed on the Singapore Exchange on 12 December 2014 as the first pure-play data centre REIT in Asia. Keppel DC REIT’s investment strategy is to principally invest, directly or indirectly, in a diversified portfolio of income-producing real estate assets which are used primarily for data centre purposes, as well as real estate and assets necessary to support the digital economy.

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