Short Interest in Hang Lung Group Ltd. (OTCMKTS:HNLGY) Declines By 20.0%

Hang Lung Group Ltd. (OTCMKTS:HNLGY) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 400 shares, adropof20.0% from the July 31st total of 500 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 2.0 days. Based on an average daily volume of 200 shares, the short-interest ratio is currently 2.0 days.

Hang Lung Group Price Performance

OTCMKTS HNLGY opened at $8.83 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.71 and a current ratio of 0.71. The company’s fifty day moving average is $8.76 and its two-hundred day moving average is $7.72. Hang Lung Group has a 52-week low of $5.32 and a 52-week high of $9.24.

Hang Lung Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, August 15th will be given a $0.1138 dividend. This represents a yield of 557.0%. The ex-dividend date is Thursday, August 14th.

Hang Lung Group Company Profile

Hang Lung Group Limited, an investment holding company, operates as a property developer in Hong Kong and the Mainland of China. The company operates through Property Leasing and Property Sales segments. It develops properties for sale and lease, such as large-scale commercial, office, and residential developments.