Suntec Real Estate Investment Trust (OTCMKTS:SURVF) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 312,800 shares, an increase of 329.7% from the August 15th total of 72,800 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 3,128.0 days.
SURVF stock opened at $1.11 on Friday. The stock’s fifty day simple moving average is $1.11 and its two-hundred day simple moving average is $1.12. Suntec Real Estate Investment Trust has a 1-year low of $0.96 and a 1-year high of $1.22.
Several research analysts recently issued reports on the company. Zacks Investment Research cut Suntec Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, September 11th. JPMorgan Chase & Co. raised Suntec Real Estate Investment Trust from an “underweight” rating to an “overweight” rating in a research report on Wednesday, May 26th.
Suntec Real Estate Investment Trust engages in the ownership of income-producing real estate, which is primarily used for retail and office purposes. The firm operates through the following business segments: Office, Retail and Convention. The Office segment comprises of Suntec city, park mall, and pacific highway.
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