Hongkong Land Holdings Limited (OTCMKTS:HKHGF) Short Interest Down 40.5% in August

Hongkong Land Holdings Limited (OTCMKTS:HKHGF) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 877,586 shares, a decrease of 40.5% from the July 30th total of 1,474,155 shares. Based on an average daily trading volume, of 2,202 shares, the days-to-cover ratio is currently 398.5 days.

Hongkong Land Stock Performance

OTCMKTS HKHGF opened at $8.55 on Wednesday. Hongkong Land has a 52-week low of $5.70 and a 52-week high of $8.78. The company has a 50-day simple moving average of $7.93 and a 200 day simple moving average of $8.01.

About Hongkong Land

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta. The company also develops and sells residential properties.