Keppel Corp. (OTCMKTS:KPELY) Short Interest Down 79.2% in May

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

Wall Street Analyst Weigh In

Separately, Zacks Research raised Keppel to a “hold” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Keppel currently has an average rating of “Moderate Buy”.

Keppel Stock Performance

Shares of KPELY stock traded up $0.22 on Friday, reaching $16.88. The company had a trading volume of 1,453 shares, compared to its average volume of 3,800. The company has a 50-day moving average of $17.38 and a 200-day moving average of $17.54. Keppel has a 12 month low of $10.97 and a 12 month high of $21.11.

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.