Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Short Interest Up 109.8% in May

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 8,600 shares, an increase of 109.8% from the May 15th total of 4,100 shares. Based on an average trading volume of 9,200 shares, the days-to-cover ratio is currently 0.9 days.

Hongkong Land Stock Performance

OTCMKTS HNGKY traded down $0.26 on Friday, reaching $16.44. The company had a trading volume of 2,003 shares, compared to its average volume of 3,814. Hongkong Land has a fifty-two week low of $13.85 and a fifty-two week high of $20.79. The business has a 50 day moving average of $16.21 and a two-hundred day moving average of $16.23.

Hongkong Land Company Profile

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.