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

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the recipient of a significant 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 presently 1.2 days.

Hongkong Land Stock Performance

OTCMKTS HNGKY traded down $0.42 during mid-day trading on Wednesday, hitting $20.65. The stock had a trading volume of 1,511 shares, compared to its average volume of 2,525. The company has a 50 day simple moving average of $21.96 and a 200 day simple moving average of $20.59. Hongkong Land has a 52-week low of $13.85 and a 52-week high of $25.26.

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.