China Overseas Property Holdings Limited (OTCMKTS:CNPPF – Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,067,105 shares, a drop of 60.1% from the April 30th total of 2,672,105 shares. Based on an average daily volume of 606 shares, the days-to-cover ratio is currently 1,760.9 days.
China Overseas Property Stock Performance
Shares of CNPPF opened at $0.48 on Friday. China Overseas Property has a twelve month low of $0.48 and a twelve month high of $0.69. The firm’s fifty day simple moving average is $0.55 and its 200-day simple moving average is $0.58.
About China Overseas Property
China Overseas Property Services Co, Ltd. is a leading integrated property services provider in Mainland China. As a subsidiary of China State Construction Engineering Corporation, the company delivers a comprehensive suite of property management and value-added services to residential, commercial and public sector clients. Its core offerings include community property management, commercial property management, corporate value-added services and environmental facility management.
In the residential sector, China Overseas Property focuses on daily community services such as security, cleaning, repair and maintenance, and customer support platforms.
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