Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Up 96.5% in May

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 62,463 shares, a growth of 96.5% from the May 14th total of 31,795 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 173,006 shares, the short-interest ratio is presently 0.4 days.

Sun Hung Kai Properties Stock Performance

OTCMKTS:SUHJY opened at $15.01 on Friday. Sun Hung Kai Properties has a 52 week low of $10.60 and a 52 week high of $18.89. The stock’s fifty day moving average is $17.18 and its two-hundred day moving average is $15.79.

Analyst Ratings Changes

Separately, Zacks Research downgraded Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Sun Hung Kai Properties

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.