Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Increases By 28.6%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 900 shares, an increase of 28.6% from the December 15th total of 700 shares. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is currently 0.2 days.

Hongkong Land Price Performance

HNGKY stock traded up $0.89 during mid-day trading on Friday, reaching $21.72. 1,529 shares of the company traded hands, compared to its average volume of 2,498. Hongkong Land has a fifty-two week low of $13.85 and a fifty-two week high of $25.26. The firm’s 50 day moving average price is $22.51 and its 200 day moving average price is $19.94.

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.