Longfor Group Holdings Limited (OTCMKTS:LGFRY) Short Interest Up 3,637.7% in April

Longfor Group Holdings Limited (OTCMKTS:LGFRY) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 78,902 shares, a growth of 3,637.7% from the April 15th total of 2,111 shares. Based on an average trading volume of 93,751 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

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

Longfor Group Price Performance

Shares of OTCMKTS:LGFRY opened at C$12.67 on Tuesday. Longfor Group has a 12-month low of C$9.40 and a 12-month high of C$15.49. The business has a 50 day moving average of C$10.77 and a two-hundred day moving average of C$11.85.

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.