Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Stock Short Interest Drops 60.7%

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 22 shares, a drop of 60.7% from the August 31st total of 56 shares. Based on an average daily volume of 28,605 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hang Lung Properties to a “hold” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Hang Lung Properties Price Performance

Shares of HLPPY traded up $0.15 during trading hours on Monday, reaching $4.27. 2,184 shares of the stock traded hands, compared to its average volume of 4,950. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $4.53 and its two-hundred day moving average price is $5.02. Hang Lung Properties has a 52-week low of $4.03 and a 52-week high of $6.52.

Hang Lung Properties Company Profile

Hang Lung Properties Limited is a Hong Kong-based property developer, owner and manager. The company develops and operates a portfolio of commercial, residential, retail and hospitality properties, including shopping malls, office buildings, luxury residences and hotels.

The company serves markets in Hong Kong and mainland China. Its mainland portfolio includes major commercial developments in cities such as Shanghai, Shenyang, Jinan, Wuxi, Kunming, Wuhan, Hangzhou and Ningbo. Hang Lung Properties is known for developing large-scale mixed-use projects that combine retail, office, residential and hotel components.

Hang Lung Properties is part of the Hang Lung Group and has roots dating to the group’s establishment in Hong Kong in 1960.