Shanghai Industrial Holdings Ltd. (OTCMKTS:SGHIY – Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 243 shares, an increase of 105.9% from the June 30th total of 118 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 144 shares, the short-interest ratio is presently 1.7 days.
Shanghai Industrial Stock Performance
Shares of SGHIY remained flat at $15.26 during trading hours on Thursday. Shanghai Industrial has a twelve month low of $15.26 and a twelve month high of $22.08. The firm has a 50-day simple moving average of $17.16 and a 200-day simple moving average of $17.51.
About Shanghai Industrial
Shanghai Industrial (OTCMKTS: SGHIY) is a Hong Kong-incorporated investment holding company and state-owned enterprise under the Shanghai Municipal Government. Established in the early 1990s, the company pursues a diversified set of business activities across property development, infrastructure investment and branded consumer products. Shanghai Industrial’s broad portfolio is centered on projects within China’s major urban centers, with a particular focus on Shanghai and its surrounding regions.
In its property segment, Shanghai Industrial engages in the development, sale and management of residential, commercial and mixed-use properties.
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