Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Grows By 383.3%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 5,800 shares, a growth of 383.3% from the January 15th total of 1,200 shares. Based on an average daily volume of 5,000 shares, the short-interest ratio is presently 1.2 days.

Hongkong Land Price Performance

Shares of HNGKY stock traded up $0.16 during midday trading on Thursday, reaching $20.81. 1,117 shares of the company traded hands, compared to its average volume of 2,525. The firm’s 50 day simple moving average is $21.93 and its two-hundred day simple moving average is $20.59. Hongkong Land has a 1-year low of $13.85 and a 1-year high of $25.26.

About Hongkong Land

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.