Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 56 shares, a drop of 94.1% from the August 15th total of 945 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,999 shares, the days-to-cover ratio is currently 0.0 days.
Hang Lung Properties Price Performance
OTCMKTS:HLPPY remained flat at $4.41 during trading hours on Friday. The company’s stock had a trading volume of 1,282 shares, compared to its average volume of 4,173. Hang Lung Properties has a one year low of $4.26 and a one year high of $6.52. The stock has a fifty day simple moving average of $4.61 and a 200-day simple moving average of $5.18. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.34.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of 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, According to data from MarketBeat.com, Hang Lung Properties currently has an average rating of “Hold”.
About Hang Lung Properties
Hang Lung Properties Limited is a Hong Kong-based property developer, owner and manager. The company develops and operates a portfolio of commercial, residential, retail and hospitality properties, including shopping malls, office buildings, luxury residences and hotels.
The company serves markets in Hong Kong and mainland China. Its mainland portfolio includes major commercial developments in cities such as Shanghai, Shenyang, Jinan, Wuxi, Kunming, Wuhan, Hangzhou and Ningbo. Hang Lung Properties is known for developing large-scale mixed-use projects that combine retail, office, residential and hotel components.
Hang Lung Properties is part of the Hang Lung Group and has roots dating to the group’s establishment in Hong Kong in 1960.
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