Short Interest in Longfor Group Holdings Limited (OTCMKTS:LGFRY) Declines By 54.1%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 14,500 shares, a drop of 54.1% from the November 30th total of 31,600 shares. Based on an average daily volume of 61,000 shares, the days-to-cover ratio is currently 0.2 days.

Longfor Group Stock Performance

LGFRY traded down C$0.36 during trading hours on Friday, hitting C$12.93. 16,873 shares of the company’s stock were exchanged, compared to its average volume of 15,640. The stock’s 50-day moving average is C$14.90 and its two-hundred day moving average is C$14.06. Longfor Group has a 1-year low of C$9.69 and a 1-year high of C$24.40.

Longfor Group Company Profile

Longfor Group Holdings Limited, an investment holding company, engages in the property development, investment, and management businesses in the People's Republic of China. It operates through three segments: Property Development, Investment Property Operation, and Services and Others. The Property Development segment develops and sells office and commercial premises, and residential properties.