Sino Land Co. (OTCMKTS:SNLAY) Short Interest Update

Sino Land Co. (OTCMKTS:SNLAY) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 3,029 shares, a drop of 74.4% from the April 15th total of 11,836 shares. Based on an average daily volume of 4,548 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Sino Land from a “strong sell” rating to a “buy” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Sino Land Stock Up 0.8%

Shares of Sino Land stock opened at $8.31 on Friday. Sino Land has a 1 year low of $4.70 and a 1 year high of $8.89. The stock has a fifty day moving average price of $7.84 and a 200-day moving average price of $7.38.

About Sino Land

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.