Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Short Interest Update

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 56 shares, a drop of 94.1% from the August 15th total of 945 shares. Based on an average trading volume of 7,999 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Hang Lung Properties to a “hold” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Hang Lung Properties Price Performance

OTCMKTS:HLPPY traded up $0.01 during midday trading on Thursday, reaching $4.41. 1,282 shares of the stock traded hands, compared to its average volume of 4,173. Hang Lung Properties has a 12-month low of $4.26 and a 12-month high of $6.52. The business has a 50-day moving average of $4.61 and a two-hundred day moving average of $5.18. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.34.

About Hang Lung Properties

Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.