Hainan Meilan International Airport Company Limited (OTCMKTS:HMCTF) Sees Large Decline in Short Interest

Hainan Meilan International Airport Company Limited (OTCMKTS:HMCTF) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 1,000 shares, a drop of 97.9% from the May 31st total of 47,750 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Hainan Meilan International Airport Stock Performance

Shares of HMCTF stock remained flat at $0.65 during mid-day trading on Friday. Hainan Meilan International Airport has a fifty-two week low of $0.65 and a fifty-two week high of $1.60. The stock’s 50-day moving average price is $0.94 and its two-hundred day moving average price is $1.13.

Hainan Meilan International Airport Company Profile

Hainan Meilan International Airport Co, Ltd. (OTCMKTS: HMCTF) is the state-owned operator and developer of Hainan Meilan International Airport, located in Haikou, the capital city of Hainan Province, China. As the primary aviation gateway to China’s southernmost province, the company is responsible for the planning, construction, operation and management of airport facilities serving both passenger and cargo traffic.

The company’s core business activities encompass passenger terminal services, air cargo logistics, ground handling, fueling and aircraft maintenance support.