Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Rises By 285.7%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 2,700 shares, an increase of 285.7% from the August 31st total of 700 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 0.6 days.

Hongkong Land Stock Performance

OTCMKTS HNGKY traded down $0.42 during mid-day trading on Friday, reaching $18.36. 1,211 shares of the stock were exchanged, compared to its average volume of 4,458. The business’s 50 day moving average is $17.79 and its 200-day moving average is $16.72. Hongkong Land has a 1 year low of $13.85 and a 1 year high of $19.48.

Hongkong Land Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Friday, August 23rd will be given a dividend of $0.264 per share. The ex-dividend date is Friday, August 23rd.

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.