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

Keppel Ltd. (OTCMKTS:KPELF) was the recipient of a large 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 short-interest ratio is currently 41,390.0 days.

Keppel Stock Performance

KPELF remained flat at $4.60 during mid-day trading on Monday. The company had a trading volume of 8,100 shares, compared to its average volume of 173,347. The firm’s fifty day moving average price is $4.84 and its two-hundred day moving average price is $4.92. Keppel has a 1 year low of $4.48 and a 1 year high of $5.33.

Keppel Cuts Dividend

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