Short Interest in Keppel Corp. (OTCMKTS:KPELY) Expands By 133.3%

Keppel Corp. (OTCMKTS:KPELY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,200 shares, a growth of 133.3% from the August 31st total of 1,800 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is presently 1.9 days.

Analysts Set New Price Targets

Separately, UBS Group began coverage on shares of Keppel in a research note on Thursday, September 25th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Keppel Price Performance

OTCMKTS:KPELY opened at $14.13 on Monday. Keppel has a 52 week low of $7.93 and a 52 week high of $14.13. The firm has a 50 day moving average of $13.43 and a 200 day moving average of $11.70.

Keppel Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.2313 per share. The ex-dividend date was Tuesday, August 12th. This represents a yield of 405.0%.

Keppel Company Profile

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.