Short Interest in Longfor Group Holdings Limited (OTCMKTS:LGFRY) Drops By 75.0%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,289 shares, a decrease of 75.0% from the June 15th total of 17,126 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 200,200 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Longfor Group to a “hold” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Longfor Group has a consensus rating of “Hold”.

Longfor Group Trading Up 0.6%

LGFRY stock traded up C$0.04 during trading on Friday, reaching C$7.75. 48,352 shares of the company’s stock were exchanged, compared to its average volume of 62,371. Longfor Group has a 1-year low of C$7.54 and a 1-year high of C$15.49. The company’s fifty day moving average price is C$9.76 and its 200-day moving average price is C$10.92.

Longfor Group Company Profile

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.