Shimao Group Holdings Limited (OTCMKTS:SIOPF) Sees Large Increase in Short Interest

Shimao Group Holdings Limited (OTCMKTS:SIOPF) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,964,500 shares, an increase of 40.1% from the April 30th total of 1,402,500 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Shimao Group Stock Performance

Shares of OTCMKTS:SIOPF remained flat at $0.11 during midday trading on Tuesday. The company’s 50 day simple moving average is $0.11 and its two-hundred day simple moving average is $0.15. Shimao Group has a 1-year low of $0.10 and a 1-year high of $0.15.

About Shimao Group

Shimao Group Holdings Limited, an investment holding company, engages in the property development and investment business in the People’s Republic of China. The company develops and invests residential and commercial properties; and operates hotels and shopping malls. It is also involved in the trading of construction materials; management services; and property management activities.