Short Interest in Longfor Group Holdings Limited (OTCMKTS:LGFRY) Drops By 53.7%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 25,544 shares, a decline of 53.7% from the May 14th total of 55,118 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 110,703 shares, the days-to-cover ratio is currently 0.2 days.

Longfor Group Trading Down 4.1%

Shares of Longfor Group stock traded down C$0.46 during midday trading on Monday, hitting C$10.70. 58,491 shares of the company traded hands, compared to its average volume of 56,090. The firm’s fifty day moving average price is C$10.54 and its 200-day moving average price is C$11.46. Longfor Group has a 12 month low of C$9.40 and a 12 month high of C$15.49.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Longfor Group to a “hold” rating in a report on Wednesday, April 15th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Longfor Group Company Profile

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.