Short Interest in Shangri-La Asia Limited (OTCMKTS:SHALY) Declines By 23.1%

Shangri-La Asia Limited (OTCMKTS:SHALY) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,000 shares, a drop of 23.1% from the May 15th total of 1,300 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 10.0 days.

Shangri-La Asia Stock Performance

Shares of OTCMKTS:SHALY remained flat at $14.17 during trading on Friday. Shangri-La Asia has a 12-month low of $12.36 and a 12-month high of $15.50. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.93. The firm’s 50-day simple moving average is $14.59 and its two-hundred day simple moving average is $13.36.

Shangri-La Asia Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be paid a $0.3833 dividend. The ex-dividend date of this dividend is Friday, May 31st.

Shangri-La Asia Company Profile

Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties. It operates through Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale segments. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.