Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Shares Shorted: Short Interest Up 442.2% in October

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 108,985 shares, a growth of 442.2% from the October 15th total of 20,101 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 330,794 shares, the days-to-cover ratio is presently 0.3 days.

Sun Hung Kai Properties Trading Down 0.2%

SUHJY traded down $0.03 during trading on Thursday, reaching $14.31. The company’s stock had a trading volume of 18,934 shares, compared to its average volume of 110,668. The firm has a fifty day simple moving average of $14.08 and a two-hundred day simple moving average of $15.81. Sun Hung Kai Properties has a 1 year low of $12.07 and a 1 year high of $18.89.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sun Hung Kai Properties from a “strong sell” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Sun Hung Kai Properties currently has a consensus rating of “Hold”.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties is a Hong Kong-based property developer and investor. Founded in 1963, the company develops residential, office, retail and industrial properties and manages a portfolio of income-producing real estate. The group also operates hotels and provides property management services. Its broader businesses include telecommunications, transportation and infrastructure-related operations. Sun Hung Kai Properties’ activities are centered on Hong Kong, with property development and investment interests in mainland China and other markets.