Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Short Interest Down 66.7% in August

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 945 shares, a decline of 66.7% from the July 30th total of 2,836 shares. Based on an average daily volume of 2,718 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Hang Lung Properties Stock Up 0.3%

Shares of Hang Lung Properties stock traded up $0.01 during trading on Friday, reaching $4.54. The company’s stock had a trading volume of 1,943 shares, compared to its average volume of 4,317. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.60 and a quick ratio of 0.60. Hang Lung Properties has a 52-week low of $4.26 and a 52-week high of $6.52. The firm’s 50-day moving average is $4.63 and its two-hundred day moving average is $5.30.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hang Lung Properties to a “hold” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average 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.