Short Interest in Keppel Ltd. (OTCMKTS:KPELY) Decreases By 85.7%

Keppel Ltd. (OTCMKTS:KPELY) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 300 shares, a drop of 85.7% from the October 31st total of 2,100 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Keppel to a “strong-buy” rating in a report on Wednesday, October 2nd.

Keppel Stock Performance

OTCMKTS KPELY traded down $0.37 on Friday, reaching $9.58. The stock had a trading volume of 1,345 shares, compared to its average volume of 2,707. Keppel has a 1-year low of $8.45 and a 1-year high of $11.22. The firm has a fifty day moving average of $9.88 and a two-hundred day moving average of $9.73.

Keppel Company Profile

Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.