Suntec Real Estate Investment Trust (OTCMKTS:SURVF – Get Rating) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 141,400 shares, a decrease of 32.4% from the April 30th total of 209,300 shares. Based on an average daily volume of 3,500 shares, the short-interest ratio is currently 40.4 days.
A number of research analysts have issued reports on SURVF shares. Zacks Investment Research upgraded shares of Suntec Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a report on Tuesday, May 24th. JPMorgan Chase & Co. downgraded shares of Suntec Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a research note on Friday, May 20th.
OTCMKTS SURVF opened at $1.22 on Friday. Suntec Real Estate Investment Trust has a 12 month low of $1.04 and a 12 month high of $1.34. The company has a 50-day moving average of $1.27 and a 200-day moving average of $1.17.
About Suntec Real Estate Investment Trust (Get Rating)
Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore’s largest integrated commercial development (including one of Singapore’s largest shopping Mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay, a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall, and a 30.0% interest in 9 Penang Road.
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