Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Sees Large Increase in Short Interest

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 8,600 shares, an increase of 109.8% from the May 15th total of 4,100 shares. Based on an average daily volume of 9,200 shares, the short-interest ratio is currently 0.9 days.

Hongkong Land Price Performance

HNGKY traded down $0.26 during trading on Friday, hitting $16.44. 2,003 shares of the company traded hands, compared to its average volume of 3,814. The stock’s fifty day moving average is $16.21 and its 200 day moving average is $16.23. Hongkong Land has a one year low of $13.85 and a one year high of $20.79.

Hongkong Land Company Profile

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.