Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Short Interest Down 53.3% in March

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

Hongkong Land Trading Down 2.9 %

OTCMKTS:HNGKY traded down $0.65 during midday trading on Friday, reaching $21.85. 1,863 shares of the company traded hands, compared to its average volume of 2,979. Hongkong Land has a twelve month low of $13.85 and a twelve month high of $25.26. The company has a fifty day moving average price of $22.05 and a 200 day moving average price of $21.61.

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. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Hongkong Land’s previous dividend of $0.26.

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.