Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Down 58.8% in June

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 25,752 shares, a drop of 58.8% from the May 31st total of 62,463 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 302,964 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research lowered Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Sun Hung Kai Properties presently has an average rating of “Hold”.

Sun Hung Kai Properties Stock Performance

Shares of OTCMKTS:SUHJY opened at $14.70 on Monday. The firm has a fifty day moving average price of $16.64 and a 200 day moving average price of $15.95. Sun Hung Kai Properties has a fifty-two week low of $11.00 and a fifty-two week high of $18.89.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.