Keppel Co. Limited (OTCMKTS:KPELY) Sees Significant Increase in Short Interest

Keppel Co. Limited (OTCMKTS:KPELY – Get Rating) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,100 shares, an increase of 1,000.0% from the April 30th total of 100 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is currently 0.4 days.

Keppel Trading Down 5.4 %

Shares of KPELY stock traded down $0.52 during trading hours on Friday, hitting $9.07. 270 shares of the company’s stock were exchanged, compared to its average volume of 1,306. The firm has a 50 day moving average of $9.52 and a two-hundred day moving average of $10.33. Keppel has a fifty-two week low of $8.43 and a fifty-two week high of $11.70.

Keppel Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 17th. Stockholders of record on Friday, April 28th were paid a dividend of $0.272 per share. This represents a dividend yield of 40.43%. This is an increase from Keppel’s previous dividend of $0.22. The ex-dividend date was Thursday, April 27th.

Keppel Company Profile

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Keppel Corp. Ltd. is an investment holding and management company, which engages in the provision of offshore and marine engineering and construction services. It operates through the following segments: Energy and Environment, Urban Development, Connectivity, Asset Management, and Corporate and Others.