Shimao Group Holdings Limited (OTCMKTS:SIOPF) Sees Large Increase in Short Interest

Shimao Group Holdings Limited (OTCMKTS:SIOPF) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,417,000 shares, a growth of 15,644.4% from the February 13th total of 9,000 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is presently 644.1 days.

Shimao Group Price Performance

Shimao Group stock remained flat at $0.13 during midday trading on Wednesday. The firm has a 50 day moving average of $0.18 and a 200-day moving average of $0.15. Shimao Group has a 12 month low of $0.13 and a 12 month high of $0.15.

About Shimao Group

Shimao Group Holdings Limited, an investment holding company, engages in the property development and investment business in the People’s Republic of China. The company develops and invests residential and commercial properties; and operates hotels and shopping malls. It is also involved in the trading of construction materials; management services; and property management activities.