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

Keppel DC REIT (OTCMKTS:KPDCF) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,622,800 shares, a decrease of 22.3% from the February 28th total of 2,089,100 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is currently 772.8 days.

Keppel DC REIT Price Performance

Shares of Keppel DC REIT stock remained flat at $1.33 during midday trading on Monday. The stock has a 50 day simple moving average of $1.55 and a 200 day simple moving average of $1.61. Keppel DC REIT has a 52 week low of $0.75 and a 52 week high of $2.40.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Keppel DC REIT to a “buy” rating in a research report on Tuesday, February 4th.

Keppel DC REIT Company Profile

Keppel DC REIT was listed on the Singapore Exchange on 12 December 2014 as the first pure-play data centre REIT in Asia. Keppel DC REIT’s investment strategy is to principally invest, directly or indirectly, in a diversified portfolio of income-producing real estate assets which are used primarily for data centre purposes, as well as real estate and assets necessary to support the digital economy.