Sino Land Co. (OTCMKTS:SNLAY) Sees Large Increase in Short Interest

Sino Land Co. (OTCMKTS:SNLAY) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 5,046 shares, an increase of 143.2% from the February 26th total of 2,075 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the shares of the stock are sold short.

Sino Land Price Performance

OTCMKTS SNLAY opened at $7.31 on Friday. The business’s 50 day moving average price is $7.72 and its 200-day moving average price is $7.03. Sino Land has a fifty-two week low of $4.50 and a fifty-two week high of $8.45.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Sino Land from a “strong sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.