Short Interest in Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) Increases By 138.3%

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 14,944 shares, an increase of 138.3% from the April 15th total of 6,270 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 46,326 shares, the days-to-cover ratio is presently 0.3 days.

Hongkong Land Price Performance

Shares of HNGKY traded up $0.07 on Friday, reaching $41.41. 7,755 shares of the company’s stock traded hands, compared to its average volume of 14,348. The company has a debt-to-equity ratio of 0.19, a quick ratio of 8.35 and a current ratio of 8.35. The stock’s 50 day simple moving average is $40.73 and its two-hundred day simple moving average is $38.19. Hongkong Land has a 52-week low of $24.98 and a 52-week high of $45.81.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Hongkong Land to a “buy” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Hongkong Land Company Profile

Hongkong Land Holdings Limited (OTCMKTS: HNGKY) is a leading property investment, management and development group focused on premier real estate in Asia’s major financial centres. Established in 1889, the company specialises in owning, managing and developing a diversified portfolio that spans premium office towers, retail complexes, select residential schemes and hospitality assets.

The group’s flagship properties include landmark office developments such as Jardine House and Exchange Square in Central, Hong Kong, alongside The Landmark retail precinct.