Keppel DC REIT (OTCMKTS:KPDCF) Short Interest Up 402.2% in February

Keppel DC REIT (OTCMKTS:KPDCFGet Free Report) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 762,900 shares, an increase of 402.2% from the January 31st total of 151,900 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 3,814.5 days.

Wall Street Analyst Weigh In

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

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Keppel DC REIT Stock Performance

Shares of KPDCF remained flat at $1.33 during trading hours on Thursday. 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 $1.66 and its 200 day moving average price is $1.60.

About Keppel DC REIT

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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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