Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Significant Drop in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 12,000 shares, a decrease of 59.6% from the October 31st total of 29,700 shares. Based on an average trading volume of 55,700 shares, the days-to-cover ratio is currently 0.2 days.

Longfor Group Price Performance

OTCMKTS LGFRY traded up C$0.50 during trading hours on Friday, reaching C$14.29. 11,611 shares of the company’s stock were exchanged, compared to its average volume of 14,510. The company’s 50-day moving average is C$16.32 and its two-hundred day moving average is C$14.53. Longfor Group has a one year low of C$9.69 and a one year high of C$24.40.

Longfor Group Company Profile

Longfor Group Holdings Limited, an investment holding company, engages in the property development, investment, and management businesses in the People's Republic of China. It operates through three segments: Property Development, Investment Property Operation, and Services and Others. The Property Development segment develops and sells office and commercial premises, and residential properties.