Hysan Development Company Limited (OTCMKTS:HYSNY) Short Interest Down 28.6% in February

Hysan Development Company Limited (OTCMKTS:HYSNY) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 500 shares, a drop of 28.6% from the February 13th total of 700 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 0.2 days.

Hysan Development Price Performance

OTCMKTS:HYSNY remained flat at $3.09 during mid-day trading on Friday. 30 shares of the company traded hands, compared to its average volume of 1,536. Hysan Development has a 12-month low of $2.62 and a 12-month high of $3.77. The stock’s 50 day moving average is $3.06 and its 200 day moving average is $3.15.

Hysan Development Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.2083 per share. This is an increase from Hysan Development’s previous dividend of $0.06. The ex-dividend date is Tuesday, March 4th. Hysan Development’s payout ratio is 3.58%.

About Hysan Development

Hysan Development Co, Ltd. is a leading property investment, management and development company. Its core asset portfolio, Lee Gardens in Hong Kong, has approximately 4.5 million square feet of high-quality office, retail and residential floor area. Hysan has been rooted in Hong Kong for nearly a hundred years, operating with heart, focusing on community building, integration of old and new, technology application, and sustainable development.