Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Large Increase in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 53,017 shares, a growth of 144.5% from the July 30th total of 21,684 shares. Based on an average daily trading volume, of 70,425 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are sold short.

Longfor Group Price Performance

OTCMKTS LGFRY opened at C$8.75 on Friday. Longfor Group has a 52-week low of C$7.54 and a 52-week high of C$15.49. The business’s 50-day moving average price is C$8.30 and its 200 day moving average price is C$10.05.

Longfor Group Company Profile

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.