Hang Lung Group Limited (OTCMKTS:HNLGY – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 900 shares, a growth of 125.0% from the September 15th total of 400 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 1.5 days.
Hang Lung Group Price Performance
Shares of OTCMKTS HNLGY traded down $0.77 during midday trading on Friday, reaching $6.79. 267 shares of the stock were exchanged, compared to its average volume of 1,769. The firm has a 50-day simple moving average of $6.00 and a two-hundred day simple moving average of $5.83. Hang Lung Group has a twelve month low of $5.28 and a twelve month high of $7.56.
Hang Lung Group Cuts Dividend
The company also recently disclosed a dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, August 15th were issued a $0.1183 dividend. The ex-dividend date was Thursday, August 15th.
About Hang Lung Group
Hang Lung Group Limited, an investment holding company, operates as a property developer in Hong Kong and the Mainland of China. The company operates through Property Leasing and Property Sales segments. It develops properties for sale and lease, such as large-scale commercial, office, and residential developments.
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