China Overseas Property Holdings Limited (OTCMKTS:CNPPF) Short Interest Down 22.8% in August

China Overseas Property Holdings Limited (OTCMKTS:CNPPF) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 930,000 shares, a drop of 22.8% from the August 15th total of 1,205,000 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is currently 620.0 days.

China Overseas Property Stock Performance

CNPPF remained flat at $1.14 during trading on Monday. China Overseas Property has a 1 year low of $0.68 and a 1 year high of $1.36. The company’s 50 day moving average is $1.05 and its 200 day moving average is $1.11.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised China Overseas Property from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd.

About China Overseas Property

China Overseas Property Holdings Limited, an investment holding company, provides property management services in Hong Kong, Macau, and the People's Republic of China. It operates through Property Management Services, Value-Added Services, and Car Parking Space Trading Business segments. The Property Management Services segment offers security, repair and maintenance, cleaning, and garden landscape maintenance services to residential communities, commercial properties, government properties, and construction sites.