Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) Sees Large Growth in Short Interest

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 14,944 shares, an increase of 138.3% from the April 15th total of 6,270 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 46,326 shares, the short-interest ratio is presently 0.3 days.

Hongkong Land Stock Performance

OTCMKTS HNGKY traded up $0.16 on Friday, reaching $41.50. 12,812 shares of the company’s stock traded hands, compared to its average volume of 24,316. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 0.19. Hongkong Land has a 12 month low of $24.98 and a 12 month high of $45.81. The stock has a 50-day simple moving average of $40.76 and a 200 day simple moving average of $38.22.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Hongkong Land to a “buy” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Hongkong Land Company Profile

Hongkong Land Holdings Limited (OTCMKTS: HNGKY) is a leading property investment, management and development group focused on premier real estate in Asia’s major financial centres. Established in 1889, the company specialises in owning, managing and developing a diversified portfolio that spans premium office towers, retail complexes, select residential schemes and hospitality assets.

The group’s flagship properties include landmark office developments such as Jardine House and Exchange Square in Central, Hong Kong, alongside The Landmark retail precinct.