Short Interest in Shimao Group Holdings Limited (OTCMKTS:SIOPF) Expands By 666.6%

Shimao Group Holdings Limited (OTCMKTS:SIOPF) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 11,499 shares, an increase of 666.6% from the December 15th total of 1,500 shares. Based on an average daily volume of 7,331 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 7,331 shares, the days-to-cover ratio is presently 1.6 days.

Shimao Group Price Performance

OTCMKTS:SIOPF opened at $0.03 on Wednesday. Shimao Group has a 52-week low of $0.03 and a 52-week high of $0.10. The stock has a fifty day simple moving average of $0.08 and a 200-day simple moving average of $0.09.

About Shimao Group

Shimao Group Holdings Limited (OTCMKTS: SIOPF) is a leading property developer based in Shanghai, China, with a diversified portfolio spanning residential, commercial and hospitality projects. Established in 2001 by entrepreneur Hui Wing Mau, the company has grown to become one of the country’s most recognized real estate names, known for high-quality construction and innovative design. Shimao’s business model encompasses land acquisition, property development and asset management, supported by strategic partnerships and joint ventures.

The company’s core operations focus on the development of upscale residential communities, Grade A office towers and shopping complexes in major Chinese cities.