Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Significant Drop in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 900 shares, a decline of 86.6% from the February 28th total of 6,700 shares. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is currently 0.1 days.

Longfor Group Price Performance

Shares of OTCMKTS:LGFRY traded down C$0.04 during trading on Wednesday, reaching C$12.92. 3,283 shares of the company’s stock traded hands, compared to its average volume of 15,254. The company has a 50 day moving average of C$13.24 and a 200-day moving average of C$14.10. Longfor Group has a 12 month low of C$9.69 and a 12 month high of C$24.40.

Longfor Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.3034 per share. This is a boost from Longfor Group’s previous dividend of $0.28. The ex-dividend date of this dividend is Tuesday, February 25th.

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.