Short Interest in China Overseas Land & Investment Limited (OTCMKTS:CAOVY) Declines By 79.9%

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,967 shares, a decline of 79.9% from the May 31st total of 14,759 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 15,061 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of China Overseas Land & Investment to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

China Overseas Land & Investment Price Performance

OTCMKTS:CAOVY opened at $7.67 on Monday. The business has a fifty day simple moving average of $9.44 and a two-hundred day simple moving average of $8.75. China Overseas Land & Investment has a 1 year low of $7.03 and a 1 year high of $11.40.

About China Overseas Land & Investment

China Overseas Land & Investment (OTCMKTS: CAOVY) is a Hong Kong–based real estate developer and property investor with origins dating back to 1979. The company is a core subsidiary of China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction and engineering conglomerates. Since its initial public offering on the Hong Kong Stock Exchange in the early 1990s, China Overseas Land & Investment has expanded its footprint to become one of the leading real estate groups in Greater China.

The company’s primary activities encompass residential and commercial property development, property investment, hotel operations and property management services.