Hysan Development Company Limited (OTCMKTS:HYSNY) Stock Short Interest Jumps 521.3%

Hysan Development Company Limited (OTCMKTS:HYSNY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,945 shares, an increase of 521.3% from the September 30th total of 635 shares. Based on an average trading volume of 3,067 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of Hysan Development from a “buy” rating to a “sell” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Hysan Development Stock Performance

Shares of HYSNY traded down $0.22 on Thursday, hitting $3.95. 1,501 shares of the stock traded hands, compared to its average volume of 2,000. The stock’s 50 day moving average is $4.08 and its two-hundred day moving average is $4.56. Hysan Development has a 1 year low of $3.88 and a 1 year high of $6.00.

Hysan Development Company Profile

Hysan Development Company Limited is a Hong Kong-based property investment, development and management company. The company focuses primarily on commercial and residential real estate, with activities spanning the ownership, development, leasing and management of properties.

Hysan’s portfolio is concentrated in Causeway Bay, one of Hong Kong’s major business, retail and leisure districts. Its properties include office buildings, shopping centers, retail premises and residential developments, serving corporate tenants, retailers, residents and visitors.