Short Interest in Shimao Group Holdings Limited (OTCMKTS:SIOPF) Declines By 28.4%

Shimao Group Holdings Limited (OTCMKTS:SIOPF) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,080,800 shares, a decline of 28.4% from the September 30th total of 1,509,500 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Shimao Group Stock Performance

SIOPF stock opened at $0.10 on Monday. Shimao Group has a fifty-two week low of $0.10 and a fifty-two week high of $0.15. The business’s fifty day moving average price is $0.10 and its two-hundred day moving average price is $0.11.

About Shimao Group

Shimao Group Holdings Limited, an investment holding company, engages in the property development and investment business in the People’s Republic of China. The company develops and invests residential and commercial properties; and operates hotels and shopping malls. It is also involved in the trading of construction materials; management services; and property management activities.