China Overseas Land & Investment Limited (OTCMKTS:CAOVY) Sees Significant Growth in Short Interest

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 14,759 shares, an increase of 59.3% from the May 14th total of 9,267 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 8,085 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of China Overseas Land & Investment to a “hold” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

China Overseas Land & Investment Price Performance

Shares of CAOVY stock traded up $0.33 during mid-day trading on Tuesday, hitting $10.40. The company had a trading volume of 488 shares, compared to its average volume of 5,142. China Overseas Land & Investment has a 52-week low of $7.03 and a 52-week high of $11.40. The stock’s 50 day moving average price is $9.24 and its 200-day moving average price is $8.74.

About China Overseas Land & Investment

China Overseas Land & Investment (OTCMKTS: CAOVY) is a Hong Kong–based real estate developer and property investor with origins dating back to 1979. The company is a core subsidiary of China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction and engineering conglomerates. Since its initial public offering on the Hong Kong Stock Exchange in the early 1990s, China Overseas Land & Investment has expanded its footprint to become one of the leading real estate groups in Greater China.

The company’s primary activities encompass residential and commercial property development, property investment, hotel operations and property management services.