Longfor Group Holdings Limited (OTCMKTS:LGFRY) Short Interest Up 116.1% in February

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 6,700 shares, an increase of 116.1% from the February 13th total of 3,100 shares. Based on an average daily trading volume, of 24,500 shares, the days-to-cover ratio is currently 0.3 days.

Longfor Group Stock Up 4.9 %

Shares of LGFRY stock traded up C$0.67 on Friday, reaching C$14.33. The company had a trading volume of 3,246 shares, compared to its average volume of 16,933. Longfor Group has a one year low of C$9.69 and a one year high of C$24.40. The business’s 50-day moving average is C$13.04 and its 200 day moving average is C$13.93.

Longfor Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, February 25th will be issued a $0.3034 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This is a boost from Longfor Group’s previous dividend of $0.28.

Longfor Group Company Profile

Longfor Group Holdings Limited, an investment holding company, engages in the property development, investment, and management businesses in the People's Republic of China. It operates through three segments: Property Development, Investment Property Operation, and Services and Others. The Property Development segment develops and sells office and commercial premises, and residential properties.