Short Interest in Henderson Land Development Co. (OTCMKTS:HLDCY) Expands By 253,400.0%

Henderson Land Development Co. (OTCMKTS:HLDCY) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 2,535 shares, an increase of 253,400.0% from the April 15th total of 1 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 30,242 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Henderson Land Development from a “sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, Henderson Land Development presently has a consensus rating of “Strong Buy”.

Henderson Land Development Trading Up 0.3%

Shares of OTCMKTS:HLDCY traded up $0.02 during midday trading on Monday, hitting $4.33. The company’s stock had a trading volume of 12,196 shares, compared to its average volume of 18,681. The stock’s 50 day simple moving average is $3.96 and its 200 day simple moving average is $3.86. Henderson Land Development has a fifty-two week low of $2.98 and a fifty-two week high of $4.49.

Henderson Land Development Company Profile

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.