Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Large Increase in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 6,700 shares, an increase of 116.1% from the February 13th total of 3,100 shares. Based on an average daily trading volume, of 24,500 shares, the days-to-cover ratio is currently 0.3 days.

Longfor Group Trading Up 4.9 %

Shares of OTCMKTS:LGFRY opened at C$14.33 on Friday. Longfor Group has a 52-week low of C$9.69 and a 52-week high of C$24.40. The company has a fifty day moving average of C$13.04 and a 200-day moving average of C$13.95.

Longfor Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, February 25th will be given a $0.3034 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Longfor Group’s previous dividend of $0.28.

About Longfor Group

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.