Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Large Increase in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,700 shares, an increase of 116.1% from the February 13th total of 3,100 shares. Based on an average daily trading volume, of 24,500 shares, the days-to-cover ratio is currently 0.3 days.

Longfor Group Trading Up 1.9 %

Shares of Longfor Group stock traded up C$0.26 during trading on Friday, hitting C$13.66. The stock had a trading volume of 6,204 shares, compared to its average volume of 17,223. The business has a fifty day moving average of C$13.01 and a two-hundred day moving average of C$13.91. Longfor Group has a fifty-two week low of C$9.69 and a fifty-two week high of C$24.40.

Longfor Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, February 25th will be issued a $0.3034 dividend. This is a positive change from Longfor Group’s previous dividend of $0.28. The ex-dividend date is Tuesday, February 25th.

About Longfor Group

Longfor Group Holdings Limited, an investment holding company, engages in the property development, investment, and management businesses in the People's Republic of China. It operates through three segments: Property Development, Investment Property Operation, and Services and Others. The Property Development segment develops and sells office and commercial premises, and residential properties.