Sino Land Co. (OTCMKTS:SNLAY) Stock Short Interest Jumps 1,609.2%

Sino Land Co. (OTCMKTS:SNLAY) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 20,801 shares, a growth of 1,609.2% from the August 31st total of 1,217 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 28,787 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Sino Land to a “hold” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Sino Land Stock Performance

OTCMKTS SNLAY traded up $1.01 during trading hours on Thursday, reaching $7.00. The company’s stock had a trading volume of 3,884 shares, compared to its average volume of 5,149. The company’s 50-day moving average is $6.78 and its two-hundred day moving average is $7.29. Sino Land has a 1-year low of $5.94 and a 1-year high of $8.89.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong-based property developer, investor and operator. Established in 1972, the company is part of Sino Group and focuses primarily on the development and management of residential, commercial, retail and mixed-use properties.

The company’s activities include property development, investment properties, property management and hospitality. Its portfolio includes residential communities, office buildings, shopping centers and integrated developments, as well as hotels and serviced residences operated through its hospitality businesses.

Sino Land’s operations are concentrated mainly in Hong Kong, where it has developed and manages properties across major urban districts.