LogProstyle Inc. (NYSEAMERICAN:LGPS) Shares Shorted: Short Interest Up 383.1% in September

LogProstyle Inc. (NYSEAMERICAN:LGPS) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 370,454 shares, a growth of 383.1% from the September 15th total of 76,690 shares. Based on an average trading volume of 535,347 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.6% of the company’s stock are sold short.

LogProstyle Stock Performance

Shares of LGPS traded up $0.01 during mid-day trading on Friday, reaching $0.73. 64,911 shares of the stock traded hands, compared to its average volume of 317,463. The stock has a fifty day simple moving average of $0.87 and a 200 day simple moving average of $0.82. LogProstyle has a 12-month low of $0.45 and a 12-month high of $1.60. The company has a current ratio of 2.40, a quick ratio of 0.41 and a debt-to-equity ratio of 2.52.

LogProstyle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Wednesday, March 31st will be paid a $0.0115 dividend. The ex-dividend date is Wednesday, March 31st. This represents a $0.05 annualized dividend and a dividend yield of 6.3%.

About LogProstyle

LogProstyle, Inc is a holding company, which owns and operates a real estate renovation and resale business through its subsidiaries. It operates through the following segments: Real Estate, Hotel, and Others. The Real estate segment provides real estate-related services, such as design and renovation, and real estate development. The Hotel segment covers hotel management and accommodation in Japan and Vietnam. The Others segment includes additional services such as the sale of housing equipment and materials, restaurant operation, and information technology consulting.