Short Interest in Hysan Development Company Limited (OTCMKTS:HYSNY) Expands By 11,350.0%

Hysan Development Company Limited (OTCMKTS:HYSNY) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 458 shares, an increase of 11,350.0% from the August 15th total of 4 shares. Based on an average daily volume of 307 shares, the days-to-cover ratio is presently 1.5 days.

Hysan Development Price Performance

Shares of Hysan Development stock remained flat at $3.88 during trading on Thursday. The business has a 50-day simple moving average of $4.32 and a two-hundred day simple moving average of $4.54. Hysan Development has a twelve month low of $3.55 and a twelve month high of $6.00.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Hysan Development from a “buy” rating to a “sell” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hysan Development presently has an average rating of “Sell”.

Hysan Development Company Profile

Hysan Development Company Limited is a Hong Kong–based property investment, management and development firm with a primary focus on the prime commercial and retail district of Causeway Bay. Established in the early 20th century by Harry Lee Hysan, the company has grown into one of the island’s leading landlords, specializing in high-end retail, office and residential properties. Its strategic portfolio spans flagship shopping arcades, Grade A office towers and luxury residential schemes.

The company’s core assets include integrated developments such as Lee Gardens, Hysan Place and Lee Theatre, which combine boutique retail outlets, fine-dining restaurants and premium office space under one roof.