Sino Land Co. (OTCMKTS:SNLAY) Sees Large Increase in Short Interest

Sino Land Co. (OTCMKTS:SNLAY) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 6,887 shares, a growth of 745.0% from the July 15th total of 815 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,265 shares, the days-to-cover ratio is presently 2.1 days.

Sino Land Trading Up 0.9%

SNLAY traded up $0.06 during trading hours on Thursday, hitting $6.56. The stock had a trading volume of 25,672 shares, compared to its average volume of 4,295. The company’s fifty day simple moving average is $6.99 and its 200 day simple moving average is $7.55. Sino Land has a 1 year low of $5.55 and a 1 year high of $8.89.

About Sino Land

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.