Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Sees Significant Growth in Short Interest

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 108,985 shares, a growth of 442.2% from the October 15th total of 20,101 shares. Based on an average trading volume of 330,794 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Sun Hung Kai Properties from a “hold” rating to a “strong sell” rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Sun Hung Kai Properties Stock Down 1.1%

Shares of OTCMKTS:SUHJY traded down $0.16 during midday trading on Wednesday, reaching $14.34. The company’s stock had a trading volume of 20,683 shares, compared to its average volume of 110,917. The firm has a 50 day moving average price of $14.09 and a two-hundred day moving average price of $15.82. Sun Hung Kai Properties has a fifty-two week low of $12.07 and a fifty-two week high of $18.89.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties is a Hong Kong-based property developer and investor. Founded in 1963, the company develops residential, office, retail and industrial properties and manages a portfolio of income-producing real estate. The group also operates hotels and provides property management services. Its broader businesses include telecommunications, transportation and infrastructure-related operations. Sun Hung Kai Properties’ activities are centered on Hong Kong, with property development and investment interests in mainland China and other markets.