China Overseas Land & Investment Limited (OTCMKTS:CAOVY) Short Interest Update

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 14,285 shares, an increase of 3,591.2% from the April 15th total of 387 shares. Based on an average daily volume of 14,184 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised China Overseas Land & Investment to a “hold” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, China Overseas Land & Investment currently has a consensus rating of “Hold”.

China Overseas Land & Investment Stock Up 6.9%

OTCMKTS:CAOVY traded up $0.72 on Monday, reaching $11.15. The company’s stock had a trading volume of 1,090 shares, compared to its average volume of 5,127. China Overseas Land & Investment has a 1-year low of $7.03 and a 1-year high of $11.15. The business’s 50-day moving average price is $8.18 and its two-hundred day moving average price is $8.48.

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.