Hongkong Land Holdings Limited (OTCMKTS:HKHGF) Sees Significant Growth in Short Interest

Hongkong Land Holdings Limited (OTCMKTS:HKHGF) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,139,425 shares, a growth of 95.0% from the April 30th total of 584,331 shares. Based on an average trading volume of 2,166 shares, the days-to-cover ratio is presently 526.1 days.

Hongkong Land Trading Down 1.0%

OTCMKTS HKHGF opened at $7.97 on Tuesday. The stock has a 50 day moving average price of $7.97 and a 200-day moving average price of $7.65. Hongkong Land has a one year low of $4.65 and a one year high of $8.78.

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. The company also develops and sells residential properties.