Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) Short Interest Up 41.2% in October

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 7,200 shares, a growth of 41.2% from the September 30th total of 5,100 shares. Based on an average trading volume of 6,500 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 6,500 shares, the short-interest ratio is presently 1.1 days.

Hongkong Land Trading Down 0.4%

Hongkong Land stock traded down $0.12 during midday trading on Monday, reaching $30.49. The stock had a trading volume of 2,620 shares, compared to its average volume of 4,007. Hongkong Land has a 12 month low of $18.99 and a 12 month high of $35.64. The firm’s 50-day moving average price is $32.03 and its 200 day moving average price is $29.60.

Hongkong Land Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 22nd. Investors of record on Monday, August 25th were paid a $0.24 dividend. This represents a yield of 328.0%. The ex-dividend date was Friday, August 22nd.

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.