Sino Land Co. (OTCMKTS:SNLAY) Sees Significant Decrease in Short Interest

Sino Land Co. (OTCMKTS:SNLAY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 315 shares, a drop of 94.9% from the May 14th total of 6,129 shares. Based on an average daily volume of 9,469 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Sino Land from a “strong sell” rating to a “buy” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Sino Land Stock Performance

SNLAY stock traded down $0.12 during midday trading on Tuesday, hitting $7.82. The company’s stock had a trading volume of 2,417 shares, compared to its average volume of 4,241. Sino Land has a 52-week low of $4.86 and a 52-week high of $8.89. The firm has a 50-day simple moving average of $7.96 and a 200-day simple moving average of $7.54.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.