Longfor Group Holdings Limited (OTCMKTS:LGFRY) Stock Short Interest Declines 66.1%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 30,486 shares, a decrease of 66.1% from the August 31st total of 89,820 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 251,936 shares, the days-to-cover ratio is currently 0.1 days.

Longfor Group Stock Performance

Shares of OTCMKTS:LGFRY traded down C$0.15 during trading on Friday, hitting C$6.77. 120,121 shares of the company’s stock were exchanged, compared to its average volume of 133,413. Longfor Group has a 52-week low of C$6.65 and a 52-week high of C$15.32. The business’s 50-day simple moving average is C$8.06 and its 200 day simple moving average is C$9.31.

About Longfor Group

Longfor Group Holdings Limited is a Chinese real estate company engaged in property development, commercial investment, and property management. Its activities include developing residential communities, operating shopping centers and other commercial properties, and providing related property management and operational services.

The company was established in 1993 by Wu Yajun and initially developed projects in Chongqing. It has since expanded its operations across major cities and metropolitan areas in mainland China, with a portfolio that includes residential, commercial, and rental-housing projects.

Longfor’s business is organized around property development, commercial operations, and services related to the management of residential and commercial assets.