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

Sino Land Co. (OTCMKTS:SNLAY) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 315 shares, a decrease of 94.9% from the May 14th total of 6,129 shares. Based on an average daily volume of 9,469 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Sino Land Stock Performance

SNLAY stock traded down $0.38 during trading on Wednesday, hitting $7.56. 656 shares of the stock traded hands, compared to its average volume of 3,134. Sino Land has a 1 year low of $4.86 and a 1 year high of $8.89. The firm’s 50 day moving average is $7.96 and its two-hundred day moving average is $7.54.

About Sino Land

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.