Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Rises By 383.3%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 5,800 shares, a growth of 383.3% from the January 15th total of 1,200 shares. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is currently 1.2 days.

Hongkong Land Stock Down 2.0 %

OTCMKTS HNGKY traded down $0.42 during trading hours on Wednesday, hitting $20.65. The company had a trading volume of 1,511 shares, compared to its average volume of 2,525. Hongkong Land has a fifty-two week low of $13.85 and a fifty-two week high of $25.26. The firm’s 50 day moving average is $21.96 and its 200 day moving average is $20.59.

Hongkong Land Company Profile

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.