Short Interest in Longfor Group Holdings Limited (OTCMKTS:LGFRY) Decreases By 58.6%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 2,400 shares, a drop of 58.6% from the May 31st total of 5,800 shares. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is currently 0.3 days.

Longfor Group Trading Down 1.6 %

LGFRY stock traded down C$0.21 during midday trading on Friday, reaching C$13.55. 2,286 shares of the company’s stock traded hands, compared to its average volume of 13,411. Longfor Group has a 52 week low of C$10.30 and a 52 week high of C$26.94. The company has a 50-day moving average price of C$15.68 and a two-hundred day moving average price of C$13.97.

Longfor Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, July 15th will be issued a dividend of $0.2785 per share. The ex-dividend date of this dividend is Monday, July 15th.

About Longfor Group

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.