Shenzhen Investment Holdings Bay Area Development Company Limited (OTCMKTS:SIHBY) Short Interest Down 15.4% in October

Shenzhen Investment Holdings Bay Area Development Company Limited (OTCMKTS:SIHBY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 1,100 shares, a drop of 15.4% from the September 30th total of 1,300 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 2.8 days.

Shenzhen Investment Holdings Bay Area Development Stock Performance

Shares of OTCMKTS SIHBY opened at $2.63 on Wednesday. Shenzhen Investment Holdings Bay Area Development has a fifty-two week low of $1.33 and a fifty-two week high of $2.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $2.20 and its 200 day simple moving average is $2.02.

Shenzhen Investment Holdings Bay Area Development Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, September 24th will be given a $0.0893 dividend. The ex-dividend date of this dividend is Tuesday, September 24th.

Shenzhen Investment Holdings Bay Area Development Company Profile

Shenzhen Investment Holdings Bay Area Development Company Limited, an investment holding company, initiates, promotes, develops, and operates toll expressways and bridges in the People’s Republic of China. The company operates through Coastal Expressway (Shenzhen Section), GS Superhighway, GZ West Superhighway, and Xintang Interchange segments.