Henderson Land Development Co. (OTCMKTS:HLDCY) Sees Large Decline in Short Interest

Henderson Land Development Co. (OTCMKTS:HLDCY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,081 shares, a drop of 56.9% from the May 14th total of 2,508 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 37,509 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Henderson Land Development from a “sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, Henderson Land Development presently has a consensus rating of “Strong Buy”.

Henderson Land Development Price Performance

OTCMKTS:HLDCY traded down $0.01 on Friday, hitting $3.38. The company had a trading volume of 15,166 shares, compared to its average volume of 26,004. The firm has a 50 day moving average of $3.90 and a two-hundred day moving average of $3.90. Henderson Land Development has a 52 week low of $3.20 and a 52 week high of $4.49.

About Henderson Land Development

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.