Henderson Land Development Co. (OTCMKTS:HLDCY) Short Interest Down 56.9% in May

Henderson Land Development Co. (OTCMKTS:HLDCY) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,081 shares, a decline of 56.9% from the May 14th total of 2,508 shares. Based on an average trading volume of 37,509 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Henderson Land Development Trading Up 0.6%

Shares of HLDCY opened at $3.39 on Friday. Henderson Land Development has a twelve month low of $3.17 and a twelve month high of $4.49. The business’s 50-day moving average price is $3.91 and its 200-day moving average price is $3.91.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Henderson Land Development from a “sell” rating to a “buy” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, Henderson Land Development has an average rating of “Strong Buy”.

Henderson Land Development Company Profile

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.