Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Sees Significant Increase in Short Interest

Suntec Real Estate Investment Trust (OTCMKTS:SURVF) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 928,785 shares, an increase of 109.1% from the January 29th total of 444,286 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Suntec Real Estate Investment Trust Price Performance

SURVF opened at $1.21 on Friday. The company has a fifty day simple moving average of $1.11 and a 200 day simple moving average of $1.03. Suntec Real Estate Investment Trust has a twelve month low of $0.85 and a twelve month high of $1.24.

About Suntec Real Estate Investment Trust

Suntec Real Estate Investment Trust, established in 2004, is a Singapore-based real estate investment trust that focuses on acquiring and managing office and retail properties. Its flagship asset, Suntec City, comprises six office towers and an expansive retail podium. The trust also holds significant interests in office towers within the Marina Bay Financial Centre, further solidifying its presence in Singapore’s central business district.

In an effort to diversify geographically, Suntec REIT has selectively expanded into Asia-Pacific markets, including the acquisition of landmark office properties in Melbourne, Australia.