Short Interest in Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Increases By 26.9%

Suntec Real Estate Investment Trust (OTCMKTS:SURVF – Get Rating) was the target of a large increase in short interest in December. As of December 30th, there was short interest totalling 2,708,900 shares, an increase of 26.9% from the December 15th total of 2,134,800 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 13,544.5 days.

Suntec Real Estate Investment Trust Price Performance

Shares of Suntec Real Estate Investment Trust stock opened at $1.05 on Friday. Suntec Real Estate Investment Trust has a twelve month low of $1.04 and a twelve month high of $1.34. The firm’s 50-day moving average price is $1.08 and its 200 day moving average price is $1.11.

Wall Street Analysts Forecast Growth

Separately, HSBC lowered shares of Suntec Real Estate Investment Trust from a “buy” rating to a “reduce” rating in a research note on Wednesday, November 23rd.

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