Short Interest in Hang Lung Properties Limited (OTCMKTS:HLPPY) Drops By 98.0%

Hang Lung Properties Limited (OTCMKTS:HLPPY) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decline of 98.0% from the September 30th total of 5,100 shares. Based on an average trading volume of 71,300 shares, the days-to-cover ratio is presently 0.0 days.

Hang Lung Properties Price Performance

Shares of OTCMKTS:HLPPY traded up $0.01 during midday trading on Friday, hitting $4.14. 2,889 shares of the stock were exchanged, compared to its average volume of 210,070. Hang Lung Properties has a 52-week low of $3.30 and a 52-week high of $7.60. The business’s fifty day simple moving average is $3.96 and its two-hundred day simple moving average is $4.37.

Hang Lung Properties Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.0676 per share. The ex-dividend date of this dividend was Thursday, August 15th.

About Hang Lung Properties

Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong and Mainland China. It operates through Property Leasing and Property Sales segments. The company is involved in the development, sale, and leasing of properties.