China Overseas Land & Investment Limited (OTCMKTS:CAOVY) Short Interest Up 59.3% in May

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 14,759 shares, a growth of 59.3% from the May 14th total of 9,267 shares. Based on an average trading volume of 8,085 shares, the short-interest ratio is presently 1.8 days. Approximately 0.0% of the shares of the company are sold short.

China Overseas Land & Investment Stock Up 3.8%

Shares of CAOVY opened at $10.45 on Wednesday. China Overseas Land & Investment has a one year low of $7.03 and a one year high of $11.40. The business has a fifty day moving average of $9.30 and a 200 day moving average of $8.75.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised China Overseas Land & Investment to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

About China Overseas Land & Investment

China Overseas Land & Investment (OTCMKTS: CAOVY) is a Hong Kong–based real estate developer and property investor with origins dating back to 1979. The company is a core subsidiary of China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction and engineering conglomerates. Since its initial public offering on the Hong Kong Stock Exchange in the early 1990s, China Overseas Land & Investment has expanded its footprint to become one of the leading real estate groups in Greater China.

The company’s primary activities encompass residential and commercial property development, property investment, hotel operations and property management services.