Keppel DC REIT (OTCMKTS:KPDCF – Get Free Report) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,622,800 shares, a decline of 22.3% from the February 28th total of 2,089,100 shares. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 772.8 days.
Keppel DC REIT Stock Performance
Keppel DC REIT stock remained flat at $1.33 during trading on Monday. Keppel DC REIT has a 12 month low of $0.75 and a 12 month high of $2.40. The stock’s 50 day moving average price is $1.55 and its 200-day moving average price is $1.61.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group raised Keppel DC REIT to a “buy” rating in a research report on Tuesday, February 4th.
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.
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