Short Interest in Keppel Corp. (OTCMKTS:KPELY) Declines By 79.2%

Keppel Corp. (OTCMKTS:KPELY) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,327 shares, a decline of 79.2% from the May 14th total of 11,164 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 8,859 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Keppel Price Performance

Shares of OTCMKTS:KPELY traded up $0.26 during midday trading on Thursday, reaching $16.66. The company’s stock had a trading volume of 3,789 shares, compared to its average volume of 4,461. Keppel has a 1 year low of $10.84 and a 1 year high of $21.11. The business has a 50 day moving average price of $17.38 and a 200 day moving average price of $17.54.

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.