Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Update

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 32,334 shares, a decrease of 38.7% from the November 30th total of 52,786 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 100,791 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 100,791 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Sun Hung Kai Properties Stock Down 2.0%

Shares of OTCMKTS:SUHJY opened at $12.30 on Tuesday. Sun Hung Kai Properties has a 12-month low of $8.19 and a 12-month high of $13.55. The business has a fifty day simple moving average of $12.58 and a 200 day simple moving average of $12.13.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SUHJY shares. Zacks Research downgraded shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. UBS Group cut Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Finally, CLSA raised Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Sun Hung Kai Properties presently has an average rating of “Hold”.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.