Hysan Development Company Limited (OTCMKTS:HYSNY) Short Interest Down 98.2% in March

Hysan Development Company Limited (OTCMKTS:HYSNY) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 100 shares, a drop of 98.2% from the March 15th total of 5,700 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is presently 0.1 days.

Hysan Development Price Performance

Shares of OTCMKTS HYSNY remained flat at $3.27 during mid-day trading on Monday. The stock had a trading volume of 24 shares, compared to its average volume of 2,319. Hysan Development has a 52 week low of $2.62 and a 52 week high of $3.77. The firm’s fifty day moving average is $3.17 and its two-hundred day moving average is $3.15.

Hysan Development Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were issued a $0.2083 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This is a boost from Hysan Development’s previous dividend of $0.06. Hysan Development’s dividend 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.