Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Short Interest Down 53.3% in March

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,400 shares, a decline of 53.3% from the February 28th total of 3,000 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Hongkong Land Trading Down 2.9 %

Hongkong Land stock traded down $0.65 during mid-day trading on Friday, hitting $21.85. The company had a trading volume of 1,863 shares, compared to its average volume of 2,979. The company’s fifty day moving average is $22.05 and its 200-day moving average is $21.61. Hongkong Land has a 12-month low of $13.85 and a 12-month high of $25.26.

Hongkong Land Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 21st. Investors of record on Friday, March 21st will be given a dividend of $0.85 per share. The ex-dividend date is Friday, March 21st. This is a positive change from Hongkong Land’s previous dividend of $0.26.

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.