Short Interest in Henderson Land Development Co. (OTCMKTS:HLDCY) Rises By 484.7%

Henderson Land Development Co. (OTCMKTS:HLDCY) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 303,035 shares, a growth of 484.7% from the July 15th total of 51,830 shares. Based on an average daily trading volume, of 182,082 shares, the short-interest ratio is presently 1.7 days. Approximately 0.0% of the shares of the company are short sold.

Henderson Land Development Price Performance

OTCMKTS HLDCY opened at $3.50 on Friday. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $3.38 and its two-hundred day simple moving average is $3.79. Henderson Land Development has a 52 week low of $3.08 and a 52 week high of $4.49.

About Henderson Land Development

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.