Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Sees Large Drop in Short Interest

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 1,200 shares, a decline of 79.3% from the January 31st total of 5,800 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is presently 0.2 days.

Hongkong Land Price Performance

OTCMKTS:HNGKY traded down $1.78 during trading hours on Friday, hitting $21.78. 1,972 shares of the stock traded hands, compared to its average volume of 3,094. The firm has a 50 day moving average price of $21.78 and a 200 day moving average price of $20.99. Hongkong Land has a fifty-two week low of $13.85 and a fifty-two week high of $25.26.

About Hongkong Land

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.