Sino Land Co. (OTCMKTS:SNLAY) Short Interest Down 77.0% in August

Sino Land Co. (OTCMKTS:SNLAY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,217 shares, a decrease of 77.0% from the August 15th total of 5,300 shares. Based on an average trading volume of 4,738 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sino Land to a “hold” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Sino Land presently has an average rating of “Moderate Buy”.

Sino Land Price Performance

Shares of OTCMKTS:SNLAY opened at $6.77 on Friday. The business’s 50-day moving average is $6.77 and its 200-day moving average is $7.38. Sino Land has a 1 year low of $5.90 and a 1 year high of $8.89.

About Sino Land

Sino Land Company Limited is a Hong Kong-based property developer, investor and operator. Established in 1972, the company is part of Sino Group and focuses primarily on the development and management of residential, commercial, retail and mixed-use properties.

The company’s activities include property development, investment properties, property management and hospitality. Its portfolio includes residential communities, office buildings, shopping centers and integrated developments, as well as hotels and serviced residences operated through its hospitality businesses.

Sino Land’s operations are concentrated mainly in Hong Kong, where it has developed and manages properties across major urban districts.