Short Interest in Hysan Development Company Limited (OTCMKTS:HYSNY) Drops By 28.6%

Hysan Development Company Limited (OTCMKTS:HYSNY) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 500 shares, a drop of 28.6% from the February 13th total of 700 shares. Based on an average daily volume of 2,800 shares, the short-interest ratio is currently 0.2 days.

Hysan Development Stock Performance

Shares of HYSNY stock remained flat at $3.09 on Monday. 30 shares of the stock traded hands, compared to its average volume of 1,536. The business has a 50-day simple moving average of $3.06 and a 200 day simple moving average of $3.15. Hysan Development has a fifty-two week low of $2.62 and a fifty-two week high of $3.77.

Hysan Development Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.2083 per share. This is a positive change from Hysan Development’s previous dividend of $0.06. The ex-dividend date is Tuesday, March 4th. Hysan Development’s payout ratio is presently 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.