Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Sees Large Growth in Short Interest

Suntec Real Estate Investment Trust (OTCMKTS:SURVF – Get Rating) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,378,500 shares, a growth of 128.7% from the June 30th total of 1,040,200 shares. Based on an average daily trading volume of 200 shares, the days-to-cover ratio is currently 11,892.5 days.

Suntec Real Estate Investment Trust Stock Performance

OTCMKTS SURVF opened at $1.16 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.68. The firm has a 50-day simple moving average of $1.19 and a 200-day simple moving average of $1.20. Suntec Real Estate Investment Trust has a twelve month low of $1.04 and a twelve month high of $1.34.

Analyst Rating Changes

Separately, JPMorgan Chase & Co. downgraded Suntec Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a research report on Friday, May 20th.

About Suntec Real Estate Investment Trust

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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 Center Towers 1 and 2 and the Marina Bay Link Mall, and a 30.0% interest in 9 Penang Road.

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