Henderson Land Development Co. (OTCMKTS:HLDCY) Short Interest Update

Henderson Land Development Co. (OTCMKTS:HLDCY) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,081 shares, a decrease of 56.9% from the May 14th total of 2,508 shares. Based on an average trading volume of 37,509 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Henderson Land Development from a “sell” rating to a “buy” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Henderson Land Development Trading Up 0.6%

HLDCY stock opened at $3.39 on Friday. The stock has a fifty day moving average of $3.91 and a 200-day moving average of $3.91. Henderson Land Development has a fifty-two week low of $3.17 and a fifty-two week high of $4.49.

Henderson Land Development Company Profile

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.