Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Shares Shorted: Short Interest Up 442.2% in October

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 108,985 shares, a growth of 442.2% from the October 15th total of 20,101 shares. Based on an average daily volume of 330,794 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Sun Hung Kai Properties from a “hold” rating to a “strong sell” rating in a report on Friday, September 18th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Sun Hung Kai Properties Price Performance

Shares of OTCMKTS:SUHJY traded down $0.16 during mid-day trading on Wednesday, reaching $14.34. 20,683 shares of the company’s stock were exchanged, compared to its average volume of 110,917. Sun Hung Kai Properties has a twelve month low of $12.07 and a twelve month high of $18.89. The business’s fifty day moving average price is $14.09 and its 200-day moving average price is $15.82.

About Sun Hung Kai Properties

Sun Hung Kai Properties is a Hong Kong-based property developer and investor. Founded in 1963, the company develops residential, office, retail and industrial properties and manages a portfolio of income-producing real estate. The group also operates hotels and provides property management services. Its broader businesses include telecommunications, transportation and infrastructure-related operations. Sun Hung Kai Properties’ activities are centered on Hong Kong, with property development and investment interests in mainland China and other markets.