Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Significant Increase in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 64,753 shares, a growth of 1,409.7% from the June 30th total of 4,289 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 265,362 shares, the short-interest ratio is currently 0.2 days.

Longfor Group Price Performance

Shares of Longfor Group stock traded down C$0.12 during trading on Friday, reaching C$8.41. 86,974 shares of the company’s stock were exchanged, compared to its average volume of 64,892. Longfor Group has a 1-year low of C$7.54 and a 1-year high of C$15.49. The firm’s 50-day moving average price is C$9.12 and its 200 day moving average price is C$10.73.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Longfor Group to a “hold” rating in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

About Longfor Group

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.