Short Interest in Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Rises By 96.5%

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 62,463 shares, an increase of 96.5% from the May 14th total of 31,795 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 173,006 shares, the days-to-cover ratio is presently 0.4 days.

Sun Hung Kai Properties Stock Performance

Shares of OTCMKTS SUHJY opened at $15.01 on Monday. Sun Hung Kai Properties has a twelve month low of $10.60 and a twelve month high of $18.89. The stock has a 50 day moving average of $17.18 and a two-hundred day moving average of $15.82.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.