Longfor Group Holdings Limited (OTCMKTS:LGFRY) Stock Short Interest Declines 66.1%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 30,486 shares, a drop of 66.1% from the August 31st total of 89,820 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 251,936 shares, the short-interest ratio is currently 0.1 days.

Longfor Group Trading Up 4.8%

Shares of LGFRY stock traded up C$0.33 during trading hours on Tuesday, reaching C$7.25. The company’s stock had a trading volume of 66,293 shares, compared to its average volume of 72,064. The firm’s 50 day simple moving average is C$8.03 and its 200-day simple moving average is C$9.26. Longfor Group has a fifty-two week low of C$6.65 and a fifty-two week high of C$15.32.

Longfor Group Company Profile

Longfor Group Holdings Limited is a Chinese real estate company engaged in property development, commercial investment, and property management. Its activities include developing residential communities, operating shopping centers and other commercial properties, and providing related property management and operational services.

The company was established in 1993 by Wu Yajun and initially developed projects in Chongqing. It has since expanded its operations across major cities and metropolitan areas in mainland China, with a portfolio that includes residential, commercial, and rental-housing projects.

Longfor’s business is organized around property development, commercial operations, and services related to the management of residential and commercial assets.