Guangdong Investment Limited (OTCMKTS:GGDVY) Short Interest Update

Guangdong Investment Limited (OTCMKTS:GGDVY) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 300 shares, an increase of 50.0% from the October 15th total of 200 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is presently 0.4 days.

Guangdong Investment Stock Performance

Shares of GGDVY traded up $1.88 during mid-day trading on Friday, reaching $32.80. 933 shares of the company’s stock traded hands, compared to its average volume of 1,880. Guangdong Investment has a 12 month low of $21.10 and a 12 month high of $40.22. The business’s 50-day moving average price is $31.43 and its 200-day moving average price is $29.00.

Guangdong Investment Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 10th were given a dividend of $1.487 per share. The ex-dividend date of this dividend was Thursday, October 10th. This is a positive change from Guangdong Investment’s previous dividend of $0.74. Guangdong Investment’s payout ratio is 30.15%.

About Guangdong Investment

Guangdong Investment Limited, an investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses. The company's Water Resources segment provides water distribution, sewage treatment, water pipeline installation and consultancy services, constructs water supply and sewage treatment infrastructure, and sells machineries in Mainland China and Hong Kong.