Short Interest in Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Drops By 66.7%

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 945 shares, a decline of 66.7% from the July 30th total of 2,836 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,718 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Hang Lung Properties to a “hold” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Hang Lung Properties Price Performance

HLPPY traded up $0.01 on Friday, reaching $4.54. The company’s stock had a trading volume of 1,943 shares, compared to its average volume of 2,924. Hang Lung Properties has a 1 year low of $4.26 and a 1 year high of $6.52. The business’s 50 day moving average is $4.63 and its 200 day moving average is $5.30. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.34.

About Hang Lung Properties

Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.