Sino Land Co. (OTCMKTS:SNLAY) Shares Shorted: Short Interest Down 66.5% in October

Sino Land Co. (OTCMKTS:SNLAY) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,056 shares, a decrease of 66.5% from the September 30th total of 9,131 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 13,505 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sino Land to a “hold” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Sino Land currently has a consensus rating of “Moderate Buy”.

Sino Land Stock Performance

OTCMKTS:SNLAY opened at $6.52 on Friday. Sino Land has a 12-month low of $5.94 and a 12-month high of $8.89. The company’s 50-day moving average is $6.74 and its two-hundred day moving average is $7.32.

About Sino Land

Sino Land Company Limited is a Hong Kong-based property developer and investment company and the flagship real estate business of Sino Group. The company develops, owns and manages residential, commercial, retail and industrial properties, as well as office buildings, shopping centers and car parks.

In addition to property development and investment, Sino Land has interests in hotel ownership and operations, property management, club management and related services. Its hotel portfolio includes properties operated under the group’s own brands and other international hospitality brands.

The company’s activities are primarily focused on Hong Kong, with additional business interests in mainland China and Singapore.