Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Decreases By 42.9%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 800 shares, a decline of 42.9% from the March 15th total of 1,400 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is presently 0.2 days.

Hongkong Land Stock Up 5.5 %

Shares of HNGKY stock opened at $20.82 on Friday. The stock has a fifty day moving average of $21.84 and a 200 day moving average of $21.87. Hongkong Land has a 52 week low of $13.85 and a 52 week high of $25.26.

Hongkong Land Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Friday, March 21st will be paid a dividend of $0.85 per share. This is a positive change from Hongkong Land’s previous dividend of $0.26. The ex-dividend date of this dividend is Friday, March 21st.

About Hongkong Land

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.