Short Interest in Shimao Group Holdings Limited (OTCMKTS:SIOPF) Decreases By 98.2%

Shimao Group Holdings Limited (OTCMKTS:SIOPF) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,563 shares, a decrease of 98.2% from the July 30th total of 85,063 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Shimao Group Price Performance

OTCMKTS SIOPF remained flat at $0.03 during trading hours on Tuesday. The business’s 50 day simple moving average is $0.03 and its 200 day simple moving average is $0.03. Shimao Group has a 1-year low of $0.02 and a 1-year high of $0.04.

Shimao Group Company Profile

Shimao Group Holdings Limited (OTCMKTS: SIOPF) is a leading property developer based in Shanghai, China, with a diversified portfolio spanning residential, commercial and hospitality projects. Established in 2001 by entrepreneur Hui Wing Mau, the company has grown to become one of the country’s most recognized real estate names, known for high-quality construction and innovative design. Shimao’s business model encompasses land acquisition, property development and asset management, supported by strategic partnerships and joint ventures.

The company’s core operations focus on the development of upscale residential communities, Grade A office towers and shopping complexes in major Chinese cities.