Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Short Interest Up 214.1% in July

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 2,836 shares, an increase of 214.1% from the July 15th total of 903 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 54,663 shares, the days-to-cover ratio is presently 0.1 days.

Hang Lung Properties Stock Down 3.3%

Shares of OTCMKTS:HLPPY traded down $0.15 during midday trading on Thursday, hitting $4.54. 4,802 shares of the company’s stock were exchanged, compared to its average volume of 4,327. Hang Lung Properties has a 12 month low of $4.26 and a 12 month high of $6.52. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $4.70 and a 200-day moving average price of $5.41.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Hang Lung Properties to a “hold” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About Hang Lung Properties

Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.