Longfor Group Holdings Limited (OTCMKTS:LGFRY) Stock Short Interest Climbs 344.2%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 111,771 shares, an increase of 344.2% from the September 30th total of 25,160 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 350,703 shares, the short-interest ratio is presently 0.3 days.

Longfor Group Stock Performance

OTCMKTS LGFRY traded up C$0.10 during mid-day trading on Thursday, hitting C$5.85. The stock had a trading volume of 18,135 shares, compared to its average volume of 83,111. The company has a 50 day simple moving average of C$7.15 and a 200 day simple moving average of C$9.63. Longfor Group has a 52-week low of C$5.75 and a 52-week high of C$13.78.

Longfor Group Company Profile

Longfor Group Holdings Limited is a China-based real estate company engaged in property development, commercial investment and operations, rental housing, and related property management services. Its activities include the development of residential communities, shopping centers, office properties, and other urban mixed-use projects.

The company operates primarily in major cities and metropolitan areas across mainland China. Through its commercial properties, Longfor manages and operates retail and lifestyle destinations, while its rental-housing business provides professionally managed apartments for urban residents.

Longfor was founded in 1993 by Wu Yajun and has expanded from a regional residential developer into a diversified urban-development group.