Hysan Development Company Limited (OTCMKTS:HYSNY) Shares Shorted: Short Interest Up 521.3% in October

Hysan Development Company Limited (OTCMKTS:HYSNY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,945 shares, an increase of 521.3% from the September 30th total of 635 shares. Based on an average trading volume of 3,067 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Hysan Development from a “buy” rating to a “sell” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hysan Development Trading Up 1.6%

Shares of OTCMKTS HYSNY opened at $4.20 on Tuesday. The company has a 50-day simple moving average of $4.09 and a 200-day simple moving average of $4.57. Hysan Development has a 12 month low of $3.88 and a 12 month high of $6.00.

About Hysan Development

Hysan Development Company Limited is a Hong Kong-based property investment, development and management company. The company focuses primarily on commercial and residential real estate, with activities spanning the ownership, development, leasing and management of properties.

Hysan’s portfolio is concentrated in Causeway Bay, one of Hong Kong’s major business, retail and leisure districts. Its properties include office buildings, shopping centers, retail premises and residential developments, serving corporate tenants, retailers, residents and visitors.