Short Interest in Longfor Group Holdings Limited (OTCMKTS:LGFRY) Grows By 3,637.7%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 78,902 shares, a growth of 3,637.7% from the April 15th total of 2,111 shares. Based on an average daily trading volume, of 93,751 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded Longfor Group to a “hold” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Longfor Group currently has a consensus rating of “Hold”.

Longfor Group Trading Up 9.1%

LGFRY stock traded up C$1.06 during midday trading on Monday, reaching C$12.67. 88,837 shares of the company’s stock traded hands, compared to its average volume of 55,120. The company has a 50-day simple moving average of C$10.80 and a two-hundred day simple moving average of C$11.87. Longfor Group has a 1-year low of C$9.40 and a 1-year high of C$15.49.

About Longfor Group

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.