Shangri-La Asia Ltd. (OTCMKTS:SHALY) Short Interest Down 51.5% in August

Shangri-La Asia Ltd. (OTCMKTS:SHALY) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 47 shares, a drop of 51.5% from the August 15th total of 97 shares. Based on an average daily trading volume, of 202 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Shangri-La Asia Price Performance

OTCMKTS SHALY opened at $10.08 on Tuesday. Shangri-La Asia has a one year low of $10.08 and a one year high of $11.85. The company has a 50-day simple moving average of $10.31 and a 200-day simple moving average of $11.02. The company has a quick ratio of 1.84, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Shangri-La Asia to a “neutral” rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Shangri-La Asia has a consensus rating of “Hold”.

Shangri-La Asia Company Profile

Shangri-La Asia Limited is a Hong Kong-based hospitality and property group focused primarily on owning, developing and managing hotels and resorts. The company operates under the Shangri-La, Kerry Hotels, JEN by Shangri-La and Traders Hotels brands, offering accommodations, restaurants, meeting and event facilities, wellness services and other guest amenities.

The group’s portfolio includes luxury and upscale hotels in major cities and resort destinations across Asia, the Middle East, Europe, North America and Australia.