Shangri-La Asia Limited (OTCMKTS:SHALY) Sees Large Decrease in Short Interest

Shangri-La Asia Limited (OTCMKTS:SHALY) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 1,000 shares, a decline of 23.1% from the May 15th total of 1,300 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 10.0 days.

Shangri-La Asia Stock Performance

SHALY remained flat at $14.17 on Friday. Shangri-La Asia has a 1 year low of $12.36 and a 1 year high of $15.50. The business’s 50 day moving average price is $14.59 and its 200 day moving average price is $13.37. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.93.

Shangri-La Asia Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.3833 per share. The ex-dividend date is Friday, May 31st.

About Shangri-La Asia

Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties. It operates through Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale segments. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.