Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Down 61.9% in May

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 31,795 shares, a drop of 61.9% from the April 30th total of 83,360 shares. Based on an average daily volume of 127,008 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Sun Hung Kai Properties Trading Up 0.7%

SUHJY traded up $0.11 during trading on Friday, reaching $16.90. The company’s stock had a trading volume of 166,183 shares, compared to its average volume of 66,573. The firm has a fifty day simple moving average of $17.43 and a two-hundred day simple moving average of $15.62. Sun Hung Kai Properties has a 1 year low of $10.42 and a 1 year high of $18.89.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Sun Hung Kai Properties currently has a consensus rating of “Hold”.

About Sun Hung Kai Properties

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.