Short Interest in Hysan Development Company Limited (OTCMKTS:HYSNY) Drops By 22.2%

Hysan Development Company Limited (OTCMKTS:HYSNY) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 700 shares, a decline of 22.2% from the January 31st total of 900 shares. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is presently 0.2 days.

Hysan Development Stock Performance

OTCMKTS:HYSNY traded up $0.20 during trading hours on Wednesday, reaching $3.45. The stock had a trading volume of 55 shares, compared to its average volume of 1,502. The stock has a 50 day simple moving average of $3.02 and a 200 day simple moving average of $3.13. Hysan Development has a 12-month low of $2.62 and a 12-month high of $3.77.

Hysan Development Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.2083 per share. The ex-dividend date is Tuesday, March 4th. This is a positive change from Hysan Development’s previous dividend of $0.06. Hysan Development’s payout ratio is presently 3.58%.

About Hysan Development

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.