Sino Land Co. (OTCMKTS:SNLAY) Sees Significant Decline in Short Interest

Sino Land Co. (OTCMKTS:SNLAY) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 9,131 shares, a decrease of 56.1% from the September 15th total of 20,801 shares. Based on an average daily trading volume, of 17,449 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Sino Land Stock Up 14.1%

OTCMKTS SNLAY traded up $0.85 during trading hours on Tuesday, hitting $6.89. The company had a trading volume of 6,961 shares, compared to its average volume of 5,214. The firm has a 50 day simple moving average of $6.73 and a 200 day simple moving average of $7.22. Sino Land has a 52 week low of $5.94 and a 52 week high of $8.89.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Sino Land to a “hold” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Sino Land has a consensus rating of “Moderate Buy”.

About Sino Land

Sino Land Company Limited is a Hong Kong-based property developer and investment company. The company develops, owns and manages residential, commercial, retail and industrial properties, with activities spanning property development, investment and asset management.

Through its property portfolio and development projects, Sino Land provides residential housing, office space, shopping centers and other commercial facilities. The company is also involved in hotel ownership and operations, as well as property management and related services, including through businesses associated with the broader Sino Group.

Sino Land was established in Hong Kong in 1972 and primarily serves the Hong Kong market, while the group has also had property and hospitality interests in mainland China and other locations.