Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Short Interest Down 97.2% in March

Suntec Real Estate Investment Trust (OTCMKTS:SURVFGet Rating) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 17,900 shares, a decline of 97.2% from the March 15th total of 644,800 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 35.8 days.

Separately, Zacks Investment Research downgraded shares of Suntec Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, December 24th.

SURVF stock traded down $0.02 during mid-day trading on Wednesday, reaching $1.31. The company had a trading volume of 66,157 shares, compared to its average volume of 13,486. Suntec Real Estate Investment Trust has a one year low of $1.02 and a one year high of $1.33. The stock’s 50-day simple moving average is $1.16 and its two-hundred day simple moving average is $1.12.

Suntec Real Estate Investment Trust Company Profile (Get Rating)

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore's largest integrated commercial development (including one of Singapore's largest shopping Mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay, a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall, and a 30.0% interest in 9 Penang Road.

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