Short Interest in Shenzhen Investment Holdings Bay Area Development Company Limited (OTCMKTS:SIHBY) Decreases By 15.4%

Shenzhen Investment Holdings Bay Area Development Company Limited (OTCMKTS:SIHBY) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,100 shares, a decline of 15.4% from the September 30th total of 1,300 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 2.8 days.

Shenzhen Investment Holdings Bay Area Development Stock Performance

Shares of Shenzhen Investment Holdings Bay Area Development stock remained flat at $2.63 during midday trading on Wednesday. 45 shares of the company traded hands, compared to its average volume of 4,116. Shenzhen Investment Holdings Bay Area Development has a 12 month low of $1.33 and a 12 month high of $2.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.29. The business has a 50 day simple moving average of $2.20 and a two-hundred day simple moving average of $2.02.

Shenzhen Investment Holdings Bay Area Development Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, September 24th will be issued a dividend of $0.0893 per share. The ex-dividend date of this dividend is Tuesday, September 24th.

Shenzhen Investment Holdings Bay Area Development Company Profile

Shenzhen Investment Holdings Bay Area Development Company Limited, an investment holding company, initiates, promotes, develops, and operates toll expressways and bridges in the People’s Republic of China. The company operates through Coastal Expressway (Shenzhen Section), GS Superhighway, GZ West Superhighway, and Xintang Interchange segments.