Short Interest in Longfor Group Holdings Limited (OTCMKTS:LGFRY) Grows By 3,637.7%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 78,902 shares, an increase of 3,637.7% from the April 15th total of 2,111 shares. Based on an average daily volume of 93,751 shares, the days-to-cover ratio is presently 0.8 days.

Longfor Group Price Performance

Shares of Longfor Group stock traded up C$1.06 during midday trading on Monday, hitting C$12.67. 88,837 shares of the company were exchanged, compared to its average volume of 55,120. Longfor Group has a 52 week low of C$9.40 and a 52 week high of C$15.49. The firm has a 50 day simple moving average of C$10.80 and a 200-day simple moving average of C$11.87.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Longfor Group to a “hold” rating in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Longfor Group

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.