Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Sees Large Drop in Short Interest

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,200 shares, a decrease of 79.3% from the January 31st total of 5,800 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is currently 0.2 days.

Hongkong Land Trading Down 7.5 %

OTCMKTS:HNGKY traded down $1.78 during trading hours on Friday, reaching $21.78. 1,972 shares of the company’s stock were exchanged, compared to its average volume of 3,094. Hongkong Land has a 12 month low of $13.85 and a 12 month high of $25.26. The business’s 50-day simple moving average is $21.78 and its two-hundred day simple moving average is $20.99.

Hongkong Land Company Profile

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.