Hongkong Land Holdings Limited (OTCMKTS:HKHGF) Short Interest Down 40.5% in August

Hongkong Land Holdings Limited (OTCMKTS:HKHGF) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 877,586 shares, a drop of 40.5% from the July 30th total of 1,474,155 shares. Based on an average daily trading volume, of 2,202 shares, the days-to-cover ratio is presently 398.5 days.

Hongkong Land Price Performance

Shares of HKHGF remained flat at $8.55 during mid-day trading on Tuesday. The stock had a trading volume of 88 shares, compared to its average volume of 5,265. The business’s fifty day moving average price is $7.92 and its 200-day moving average price is $8.01. Hongkong Land has a 52 week low of $5.70 and a 52 week high of $8.78.

Hongkong Land Company Profile

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta. The company also develops and sells residential properties.