Guangdong Investment Limited (OTCMKTS:GGDVY) Sees Large Increase in Short Interest

Guangdong Investment Limited (OTCMKTS:GGDVY) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 400 shares, a growth of 33.3% from the October 31st total of 300 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 1.0 days.

Guangdong Investment Price Performance

OTCMKTS:GGDVY opened at $31.00 on Monday. The firm has a 50 day simple moving average of $31.99 and a 200-day simple moving average of $29.28. Guangdong Investment has a 1-year low of $21.10 and a 1-year high of $40.22.

Guangdong Investment Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 10th were paid a dividend of $1.487 per share. The ex-dividend date was Thursday, October 10th. This is a positive change from Guangdong Investment’s previous dividend of $0.74. Guangdong Investment’s dividend payout ratio is currently 30.15%.

Guangdong Investment Company Profile

Guangdong Investment Limited, an investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses. The company's Water Resources segment provides water distribution, sewage treatment, water pipeline installation and consultancy services, constructs water supply and sewage treatment infrastructure, and sells machineries in Mainland China and Hong Kong.