Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Sees Large Decrease in Short Interest

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 1,400 shares, a decline of 53.3% from the February 28th total of 3,000 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,100 shares, the short-interest ratio is presently 0.2 days.

Hongkong Land Trading Down 2.9 %

Shares of Hongkong Land stock traded down $0.65 during trading on Friday, hitting $21.85. The stock had a trading volume of 1,863 shares, compared to its average volume of 2,979. The business has a fifty day moving average of $22.05 and a two-hundred day moving average of $21.61. Hongkong Land has a fifty-two week low of $13.85 and a fifty-two week high of $25.26.

Hongkong Land Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Friday, March 21st will be given a dividend of $0.85 per share. This is a positive change from Hongkong Land’s previous dividend of $0.26. The ex-dividend date is Friday, March 21st.

About Hongkong Land

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.