Short Interest in Keppel Ltd. (OTCMKTS:KPELF) Rises By 21.2%

Keppel Ltd. (OTCMKTS:KPELF) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 4,139,000 shares, an increase of 21.2% from the August 31st total of 3,415,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 41,390.0 days.

Keppel Price Performance

Shares of Keppel stock remained flat at $4.60 on Monday. The company had a trading volume of 8,100 shares, compared to its average volume of 173,347. Keppel has a 12-month low of $4.48 and a 12-month high of $5.33. The company has a fifty day simple moving average of $4.84 and a 200 day simple moving average of $4.92.

Keppel Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th were given a $0.15 dividend. This represents a dividend yield of 5.06%. The ex-dividend date of this dividend was Tuesday, August 13th. Keppel’s dividend payout ratio (DPR) is presently 41.71%.

About Keppel

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.