Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Significant Growth in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 6,255 shares, an increase of 407.7% from the November 30th total of 1,232 shares. Based on an average daily volume of 28,630 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 28,630 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Longfor Group to a “neutral” rating in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Longfor Group presently has an average rating of “Hold”.

Longfor Group Stock Up 1.2%

Shares of OTCMKTS:LGFRY opened at C$11.40 on Friday. Longfor Group has a fifty-two week low of C$10.85 and a fifty-two week high of C$15.49. The firm has a 50-day simple moving average of C$12.51 and a 200 day simple moving average of C$13.05.

Longfor Group Company Profile

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.