Short Interest in UOL Group Limited (OTCMKTS:UOLGY) Decreases By 68.3%

UOL Group Limited (OTCMKTS:UOLGY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,052 shares, a decline of 68.3% from the June 15th total of 3,318 shares. Based on an average daily trading volume, of 17,669 shares, the days-to-cover ratio is presently 0.1 days.

UOL Group Stock Up 2.3%

Shares of UOL Group stock traded up $0.69 on Friday, hitting $30.60. The stock had a trading volume of 5,408 shares, compared to its average volume of 14,363. The company’s 50 day moving average price is $31.19 and its 200 day moving average price is $31.80. UOL Group has a 52-week low of $20.69 and a 52-week high of $38.25.

Analysts Set New Price Targets

Separately, Zacks Research cut UOL Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

UOL Group Company Profile

UOL Group Limited is a Singapore-based diversified property company with core activities in real estate development, hospitality operations and asset management. The company develops residential, commercial and mixed-use projects, and holds investment properties in strategic locations across Singapore and other Asia-Pacific markets. Its real estate portfolio encompasses condominiums, office towers and retail spaces, reflecting a focus on urban regeneration and integrated community living.

In property development, UOL Group has delivered a range of landmark projects, from city-fringe residential estates to high-end commercial complexes.