Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Declines By 79.3%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,200 shares, a drop of 79.3% from the January 31st total of 5,800 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is currently 0.2 days.

Hongkong Land Stock Performance

HNGKY traded up $0.93 during trading on Thursday, hitting $23.33. The stock had a trading volume of 1,257 shares, compared to its average volume of 3,123. Hongkong Land has a twelve month low of $13.85 and a twelve month high of $25.26. The company’s 50-day moving average price is $21.74 and its 200 day moving average price is $20.98.

About Hongkong Land

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.