Sino Land Co. (OTCMKTS:SNLAY) Sees Significant Growth in Short Interest

Sino Land Co. (OTCMKTS:SNLAY) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 6,129 shares, an increase of 102.3% from the April 30th total of 3,029 shares. Based on an average trading volume of 2,724 shares, the short-interest ratio is currently 2.3 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Sino Land from a “strong sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Sino Land has an average rating of “Buy”.

Sino Land Price Performance

Shares of OTCMKTS:SNLAY traded down $0.17 during trading on Monday, hitting $7.77. 427 shares of the stock were exchanged, compared to its average volume of 2,964. Sino Land has a 12-month low of $4.86 and a 12-month high of $8.89. The company has a fifty day moving average price of $7.92 and a two-hundred day moving average price of $7.49.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.