Short Interest in Keppel Ltd. (OTCMKTS:KPELY) Increases By 100.0%

Keppel Ltd. (OTCMKTS:KPELY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 4,400 shares, a growth of 100.0% from the September 30th total of 2,200 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is currently 1.6 days.

Keppel Price Performance

Shares of OTCMKTS KPELY traded up $0.31 during mid-day trading on Monday, hitting $9.71. The company had a trading volume of 400 shares, compared to its average volume of 7,417. Keppel has a 1 year low of $8.45 and a 1 year high of $11.22. The stock’s 50-day moving average price is $9.81 and its 200-day moving average price is $9.80.

Keppel Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.2243 dividend. The ex-dividend date of this dividend was Wednesday, August 14th.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Keppel to a “strong-buy” rating in a report on Wednesday, October 2nd.

About Keppel

Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.