Keppel DC REIT (OTCMKTS:KPDCF) Sees Large Decrease in Short Interest

Keppel DC REIT (OTCMKTS:KPDCF) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,989,772 shares, a drop of 39.9% from the February 12th total of 3,311,328 shares. Based on an average daily trading volume, of 1,562 shares, the days-to-cover ratio is currently 1,273.9 days. Based on an average daily trading volume, of 1,562 shares, the days-to-cover ratio is currently 1,273.9 days.

Keppel DC REIT Price Performance

Shares of KPDCF remained flat at $1.95 during mid-day trading on Friday. 280 shares of the stock were exchanged, compared to its average volume of 1,565. The firm has a 50-day moving average of $1.78 and a two-hundred day moving average of $1.82. Keppel DC REIT has a 12 month low of $1.51 and a 12 month high of $2.20.

About Keppel DC REIT

Keppel DC REIT is a Singapore-based real estate investment trust established in August 2014 with a focused portfolio of income-producing data centre properties. It represents Asia’s first listed pure-play data centre REIT and seeks to generate stable, long-term returns by investing in a diversified suite of facilities that support the growing demand for digital infrastructure. The trust is supported by Keppel Data Centres Holding Pte Ltd, the sponsor responsible for origination, asset management and development of data centre assets.

The REIT’s portfolio spans key markets across the Asia Pacific and Europe, including Singapore, Malaysia, Australia, the United Kingdom and Germany.