Keppel Ltd. (OTCMKTS:KPELF) Short Interest Up 6.9% in August

Keppel Ltd. (OTCMKTS:KPELF) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 3,415,500 shares, an increase of 6.9% from the August 15th total of 3,196,200 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Keppel Stock Performance

KPELF opened at $4.60 on Wednesday. Keppel has a 1-year low of $4.48 and a 1-year high of $5.33. The company’s fifty day moving average price is $4.84 and its two-hundred day moving average price is $4.96.

Keppel Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, August 23rd. Investors of record on Wednesday, August 14th were given a $0.15 dividend. This represents a yield of 5.06%. The ex-dividend date of this dividend was Tuesday, August 13th. Keppel’s payout ratio is currently 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.