Hongkong Land Holdings Limited (OTCMKTS:HKHGF) Sees Significant Drop in Short Interest

Hongkong Land Holdings Limited (OTCMKTS:HKHGF) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 877,586 shares, a decline of 40.5% from the July 30th total of 1,474,155 shares. Based on an average trading volume of 2,202 shares, the days-to-cover ratio is presently 398.5 days.

Hongkong Land Stock Performance

Hongkong Land stock remained flat at $8.55 during midday trading on Monday. The business has a 50 day simple moving average of $7.90 and a 200-day simple moving average of $8.00. Hongkong Land has a 12 month low of $5.70 and a 12 month high of $8.78.

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. The company also develops and sells residential properties.