Short Interest in Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Rises By 214.1%

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 2,836 shares, a growth of 214.1% from the July 15th total of 903 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 54,663 shares, the days-to-cover ratio is presently 0.1 days.

Hang Lung Properties Trading Down 0.4%

OTCMKTS HLPPY traded down $0.02 during trading on Friday, reaching $4.53. The company’s stock had a trading volume of 784 shares, compared to its average volume of 17,005. The firm has a fifty day moving average of $4.68 and a 200 day moving average of $5.39. Hang Lung Properties has a one year low of $4.26 and a one year high of $6.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.60 and a quick ratio of 0.60.

Analyst Ratings Changes

Separately, Zacks Research upgraded Hang Lung Properties to a “hold” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Hang Lung Properties

Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.