Hysan Development Company Limited (OTCMKTS:HYSNY) Sees Significant Increase in Short Interest

Hysan Development Company Limited (OTCMKTS:HYSNY) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 10,600 shares, a growth of 430.0% from the September 30th total of 2,000 shares. Based on an average trading volume of 13,300 shares, the days-to-cover ratio is presently 0.8 days.

Hysan Development Stock Performance

Shares of HYSNY traded down $0.04 during midday trading on Friday, reaching $3.19. The stock had a trading volume of 209,487 shares, compared to its average volume of 13,000. The firm has a 50 day simple moving average of $3.23 and a 200-day simple moving average of $3.10. Hysan Development has a one year low of $2.62 and a one year high of $4.09.

Hysan Development Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 9th were given a dividend of $0.061 per share. This represents a yield of 8.76%. The ex-dividend date of this dividend was Monday, September 9th. Hysan Development’s dividend payout ratio (DPR) is presently 1.10%.

Hysan Development Company Profile

Hysan Development Co, Ltd. is a leading property investment, management and development company. Its core asset portfolio, Lee Gardens in Hong Kong, has approximately 4.5 million square feet of high-quality office, retail and residential floor area. Hysan has been rooted in Hong Kong for nearly a hundred years, operating with heart, focusing on community building, integration of old and new, technology application, and sustainable development.