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

Suntec Real Estate Investment Trust (OTCMKTS:SURVF) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 4,711,800 shares, a growth of 69.1% from the March 31st total of 2,786,200 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is currently 2,243.7 days.

Suntec Real Estate Investment Trust Stock Performance

Shares of SURVF remained flat at $0.79 during mid-day trading on Monday. The firm’s 50-day moving average price is $0.86 and its 200-day moving average price is $0.85. Suntec Real Estate Investment Trust has a one year low of $0.77 and a one year high of $1.01.

Suntec Real Estate Investment Trust Company Profile

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.