Short Interest in Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Grows By 301.3%

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 37,156 shares, an increase of 301.3% from the June 30th total of 9,259 shares. Based on an average daily volume of 346,931 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Sun Hung Kai Properties Trading Down 0.5%

SUHJY stock opened at $15.42 on Friday. Sun Hung Kai Properties has a 1 year low of $11.17 and a 1 year high of $18.89. The stock’s fifty day moving average is $15.50 and its two-hundred day moving average is $16.30.

About Sun Hung Kai Properties

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.