Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Short Interest Down 66.7% in August

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 945 shares, a decrease of 66.7% from the July 30th total of 2,836 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,718 shares, the days-to-cover ratio is presently 0.3 days.

Hang Lung Properties Trading Up 0.3%

Shares of HLPPY opened at $4.54 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.34. Hang Lung Properties has a 52-week low of $4.26 and a 52-week high of $6.52. The business’s fifty day moving average is $4.63 and its 200-day moving average is $5.30.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hang Lung Properties to a “hold” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Hang Lung Properties Company Profile

Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.