Keppel DC REIT (OTCMKTS:KPDCF – Get Free Report) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 762,900 shares, a growth of 402.2% from the January 31st total of 151,900 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 3,814.5 days.
Keppel DC REIT Price Performance
OTCMKTS KPDCF remained flat at $1.33 on Friday. The company has a fifty day moving average of $1.65 and a 200-day moving average of $1.60. Keppel DC REIT has a fifty-two week low of $0.75 and a fifty-two week high of $2.40.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised shares of Keppel DC REIT to a “buy” rating in a research report on Tuesday, February 4th.
About Keppel DC REIT
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.
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