Shangri-La Asia Limited (OTCMKTS:SHALY) Sees Significant Increase in Short Interest

Shangri-La Asia Limited (OTCMKTS:SHALY) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 400 shares, a growth of 300.0% from the March 15th total of 100 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 0.7 days.

Shangri-La Asia Stock Performance

Shares of OTCMKTS:SHALY opened at $14.02 on Thursday. The stock has a fifty day simple moving average of $12.79 and a two-hundred day simple moving average of $12.92. Shangri-La Asia has a 12-month low of $12.36 and a 12-month high of $17.17.

Shangri-La Asia Company Profile

Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties. It operates through Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale segments. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.