Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Increases By 285.7%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 2,700 shares, an increase of 285.7% from the August 31st total of 700 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is presently 0.6 days.

Hongkong Land Price Performance

OTCMKTS:HNGKY traded down $0.42 during trading hours on Friday, hitting $18.36. 1,211 shares of the stock were exchanged, compared to its average volume of 4,458. The firm’s fifty day moving average price is $17.79 and its 200 day moving average price is $16.72. Hongkong Land has a 52-week low of $13.85 and a 52-week high of $19.48.

Hongkong Land Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, October 23rd. Investors of record on Friday, August 23rd will be given a dividend of $0.264 per share. The ex-dividend date of this dividend is Friday, August 23rd.

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.