Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Short Interest Down 95.1% in July

Suntec Real Estate Investment Trust (OTCMKTS:SURVF) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 42,885 shares, a drop of 95.1% from the June 30th total of 870,785 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Approximately 0.0% of the company’s stock are sold short.

Suntec Real Estate Investment Trust Price Performance

Shares of SURVF remained flat at $1.08 during mid-day trading on Friday. The business has a 50-day moving average of $1.11 and a 200 day moving average of $1.13. Suntec Real Estate Investment Trust has a 12 month low of $0.88 and a 12 month high of $1.24.

About Suntec Real Estate Investment Trust

Suntec Real Estate Investment Trust, established in 2004, is a Singapore-based real estate investment trust that focuses on acquiring and managing office and retail properties. Its flagship asset, Suntec City, comprises six office towers and an expansive retail podium. The trust also holds significant interests in office towers within the Marina Bay Financial Centre, further solidifying its presence in Singapore’s central business district.

In an effort to diversify geographically, Suntec REIT has selectively expanded into Asia-Pacific markets, including the acquisition of landmark office properties in Melbourne, Australia.