Keppel DC REIT (OTCMKTS:KPDCF) Short Interest Up 133.4% in March

Keppel DC REIT (OTCMKTS:KPDCF) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,787,000 shares, a growth of 133.4% from the March 15th total of 1,622,800 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Analysts Set New Price Targets

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

Keppel DC REIT Trading Down 15.5 %

Keppel DC REIT stock opened at $1.86 on Wednesday. Keppel DC REIT has a 52 week low of $0.75 and a 52 week high of $2.40. The firm’s 50-day simple moving average is $1.48 and its 200 day simple moving average is $1.61.

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.