Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Sees Large Drop in Short Interest

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) saw a significant decline in short interest in August. As of August 15th, there was short interest totaling 7,300 shares, adeclineof36.0% from the July 31st total of 11,400 shares. Based on an average trading volume of 7,600 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 7,600 shares, the short-interest ratio is currently 1.0 days.

Hang Lung Properties Price Performance

HLPPY stock traded down $0.13 during trading on Monday, hitting $5.30. 1,859 shares of the stock traded hands, compared to its average volume of 13,275. The firm’s 50 day moving average is $5.00 and its two-hundred day moving average is $4.39. Hang Lung Properties has a 1 year low of $3.30 and a 1 year high of $5.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.72.

Hang Lung Properties Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.0611 per share. The ex-dividend date is Thursday, August 14th. This represents a dividend yield of 574.0%.

About Hang Lung Properties

Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong and Mainland China. It operates through Property Leasing and Property Sales segments. The company is involved in the development, sale, and leasing of properties.