Short Interest in Henderson Land Development Co. (OTCMKTS:HLDCY) Expands By 253,400.0%

Henderson Land Development Co. (OTCMKTS:HLDCY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,535 shares, an increase of 253,400.0% from the April 15th total of 1 shares. Based on an average daily trading volume, of 30,242 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Henderson Land Development Stock Up 0.3%

HLDCY traded up $0.02 during midday trading on Monday, reaching $4.33. 12,196 shares of the company’s stock were exchanged, compared to its average volume of 18,681. Henderson Land Development has a one year low of $2.98 and a one year high of $4.49. The business has a 50-day simple moving average of $3.96 and a two-hundred day simple moving average of $3.86.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Henderson Land Development from a “sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Henderson Land Development presently has an average rating of “Strong Buy”.

About Henderson Land Development

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.