Short Interest in UOL Group Limited (OTCMKTS:UOLGY) Drops By 68.3%

UOL Group Limited (OTCMKTS:UOLGY) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,052 shares, a drop of 68.3% from the June 15th total of 3,318 shares. Based on an average daily trading volume, of 17,669 shares, the short-interest ratio is presently 0.1 days.

UOL Group Stock Up 2.3%

UOLGY traded up $0.69 on Friday, hitting $30.60. The company had a trading volume of 5,408 shares, compared to its average volume of 14,363. UOL Group has a 1 year low of $20.69 and a 1 year high of $38.25. The company’s fifty day moving average price is $31.19 and its 200 day moving average price is $31.80.

Analysts Set New Price Targets

Separately, Zacks Research cut UOL Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About UOL Group

UOL Group Limited is a Singapore-based diversified property company with core activities in real estate development, hospitality operations and asset management. The company develops residential, commercial and mixed-use projects, and holds investment properties in strategic locations across Singapore and other Asia-Pacific markets. Its real estate portfolio encompasses condominiums, office towers and retail spaces, reflecting a focus on urban regeneration and integrated community living.

In property development, UOL Group has delivered a range of landmark projects, from city-fringe residential estates to high-end commercial complexes.