Keppel Corp. (OTCMKTS:KPELY) Short Interest Update

Keppel Corp. (OTCMKTS:KPELY) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 9,039 shares, an increase of 288.4% from the May 31st total of 2,327 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 8,316 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Keppel to a “hold” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Keppel Trading Down 6.3%

KPELY stock traded down $1.11 during trading on Friday, hitting $16.46. 1,130 shares of the stock traded hands, compared to its average volume of 4,296. Keppel has a one year low of $11.23 and a one year high of $21.11. The company has a 50 day simple moving average of $17.09 and a 200 day simple moving average of $17.66.

About Keppel

Keppel Corporation Ltd is a Singapore‐headquartered conglomerate offering diversified businesses spanning offshore & marine, property, infrastructure, and asset management. Through its Offshore & Marine arm, Keppel designs, builds and repairs mobile offshore drilling units, production platforms and specialized vessels, while pursuing new energy solutions such as offshore wind foundations and floating solar platforms. Its property division develops residential, commercial and mixed‐use projects across Asia, Europe and the Americas, complemented by real estate investment trusts and fund management services.

In the infrastructure segment, Keppel delivers integrated solutions for power generation, water treatment, waste management and district cooling.