Short Interest in Shangri-La Asia Ltd. (OTCMKTS:SHALY) Decreases By 70.1%

Shangri-La Asia Ltd. (OTCMKTS:SHALY) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 99 shares, a decrease of 70.1% from the June 15th total of 331 shares. Based on an average trading volume of 48 shares, the short-interest ratio is currently 2.1 days. Currently, 0.0% of the shares of the stock are short sold.

Shangri-La Asia Stock Performance

Shares of OTCMKTS SHALY remained flat at $10.40 during trading hours on Friday. The company’s 50 day simple moving average is $11.12 and its 200-day simple moving average is $11.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.84 and a current ratio of 1.86. Shangri-La Asia has a 52 week low of $10.40 and a 52 week high of $11.85.

Shangri-La Asia Company Profile

Shangri-La Asia Limited is a Hong Kong–based hospitality group principally engaged in the development, ownership and operation of luxury hotels, resorts and serviced apartments. The company’s flagship brand, Shangri-La Hotels and Resorts, encompasses properties that feature high-end accommodations, specialty dining venues, spa and wellness facilities, and meeting and event spaces tailored for both leisure and business travelers. In addition to its core Shangri-La portfolio, the company manages a range of complementary brands, including Kerry Hotels, Hotel Jen and Traders Hotels, each designed to address distinct market segments within the hotel industry.

Since its establishment in 1971 by entrepreneur Robert Kuok, Shangri-La Asia has expanded its footprint across more than 20 countries and territories.