Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) Sees Significant Growth in Short Interest

Sun Hung Kai Properties Limited (OTCMKTS:SUHJYGet Free Report) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 32,400 shares, an increase of 179.3% from the December 31st total of 11,600 shares. Based on an average daily trading volume, of 327,000 shares, the days-to-cover ratio is currently 0.1 days.

Sun Hung Kai Properties Stock Performance

Shares of SUHJY stock traded down $0.12 during mid-day trading on Friday, hitting $8.86. 163,117 shares of the stock traded hands, compared to its average volume of 189,339. The stock’s fifty day moving average is $9.46 and its two-hundred day moving average is $9.86. Sun Hung Kai Properties has a 52-week low of $8.35 and a 52-week high of $12.00.

Sun Hung Kai Properties Increases Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.3391 per share. This represents a dividend yield of 3.99%. This is a positive change from Sun Hung Kai Properties’s previous dividend of $0.10. The ex-dividend date was Tuesday, November 12th.

About Sun Hung Kai Properties

(Get Free Report)

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops, sells, and leases properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company also provides property management services; construction-related services, including landscaping, electrical and mechanical installation, production and installation of wooden doors, and construction plant and machinery leasing; and insurance products to individuals and businesses comprising householder’s comprehensive, fire, employees’ compensation, travel, personal accident, motor vehicles, contractors’ all risks, third party liability, and property all risks.

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