Longfor Group Holdings Limited (OTCMKTS:LGFRY) Short Interest Down 86.6% in March

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 900 shares, a decline of 86.6% from the February 28th total of 6,700 shares. Based on an average trading volume of 17,100 shares, the short-interest ratio is currently 0.1 days.

Longfor Group Trading Down 0.3 %

Shares of OTCMKTS LGFRY traded down C$0.04 during mid-day trading on Friday, reaching C$13.23. The company had a trading volume of 3,892 shares, compared to its average volume of 14,930. Longfor Group has a twelve month low of C$9.69 and a twelve month high of C$24.40. The stock’s 50 day moving average is C$13.27 and its 200-day moving average is C$14.11.

Longfor Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, February 25th will be given a $0.3034 dividend. This is a positive change from Longfor Group’s previous dividend of $0.28. The ex-dividend date is Tuesday, February 25th.

About Longfor Group

Longfor Group Holdings Limited, an investment holding company, engages in the property development, investment, and management businesses in the People's Republic of China. It operates through three segments: Property Development, Investment Property Operation, and Services and Others. The Property Development segment develops and sells office and commercial premises, and residential properties.