Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Large Growth in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 6,255 shares, a growth of 407.7% from the November 30th total of 1,232 shares. Based on an average trading volume of 28,630 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 28,630 shares, the days-to-cover ratio is presently 0.2 days.

Longfor Group Stock Up 0.0%

Shares of OTCMKTS:LGFRY opened at C$11.26 on Thursday. Longfor Group has a 1 year low of C$10.85 and a 1 year high of C$15.49. The business’s 50 day moving average price is C$12.61 and its 200-day moving average price is C$13.06.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Longfor Group to a “neutral” rating in a research report on Wednesday, December 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Longfor Group

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.