Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Short Interest Up 150.0% in February

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a growth of 150.0% from the February 13th total of 1,200 shares. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Hongkong Land Trading Down 3.5 %

Shares of HNGKY traded down $0.80 during mid-day trading on Friday, reaching $21.90. 3,470 shares of the stock traded hands, compared to its average volume of 3,074. The stock has a fifty day simple moving average of $21.94 and a 200 day simple moving average of $21.35. Hongkong Land has a 12-month low of $13.85 and a 12-month high of $25.26.

Hongkong Land Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Friday, March 21st will be paid a dividend of $0.85 per share. The ex-dividend date is Friday, March 21st. This is a positive change from Hongkong Land’s previous dividend of $0.26.

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.