Suntec Real Estate Investment Trust (OTCMKTS:SURVF) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 78,200 shares, a drop of 79.7% from the September 15th total of 384,300 shares. Based on an average trading volume of 37,300 shares, the days-to-cover ratio is currently 2.1 days.
Shares of OTCMKTS:SURVF remained flat at $$1.05 on Thursday. Suntec Real Estate Investment Trust has a 1-year low of $0.99 and a 1-year high of $1.22. The company’s 50-day moving average is $1.09 and its 200 day moving average is $1.11.
Separately, Zacks Investment Research downgraded Suntec Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 21st.
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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