Short Interest in Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) Increases By 138.3%

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 14,944 shares, an increase of 138.3% from the April 15th total of 6,270 shares. Based on an average daily volume of 46,326 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Hongkong Land to a “buy” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Hongkong Land presently has an average rating of “Buy”.

Hongkong Land Stock Up 0.2%

HNGKY stock traded up $0.07 during trading on Friday, reaching $41.41. 7,755 shares of the stock were exchanged, compared to its average volume of 14,348. The firm’s 50 day moving average is $40.73 and its 200 day moving average is $38.19. Hongkong Land has a twelve month low of $24.98 and a twelve month high of $45.81. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 0.19.

About Hongkong Land

Hongkong Land Holdings Limited (OTCMKTS: HNGKY) is a leading property investment, management and development group focused on premier real estate in Asia’s major financial centres. Established in 1889, the company specialises in owning, managing and developing a diversified portfolio that spans premium office towers, retail complexes, select residential schemes and hospitality assets.

The group’s flagship properties include landmark office developments such as Jardine House and Exchange Square in Central, Hong Kong, alongside The Landmark retail precinct.