Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) Short Interest Up 138.3% in April

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 14,944 shares, an increase of 138.3% from the April 15th total of 6,270 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 46,326 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Hongkong Land to a “buy” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Hongkong Land presently has an average rating of “Buy”.

Hongkong Land Price Performance

HNGKY traded up $0.16 during trading on Friday, reaching $41.50. 12,812 shares of the company’s stock were exchanged, compared to its average volume of 24,316. The company’s fifty day simple moving average is $40.76 and its 200-day simple moving average is $38.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 8.35 and a current ratio of 8.35. Hongkong Land has a 1 year low of $24.98 and a 1 year high of $45.81.

About Hongkong Land

Hongkong Land Holdings Limited (OTCMKTS: HNGKY) is a leading property investment, management and development group focused on premier real estate in Asia’s major financial centres. Established in 1889, the company specialises in owning, managing and developing a diversified portfolio that spans premium office towers, retail complexes, select residential schemes and hospitality assets.

The group’s flagship properties include landmark office developments such as Jardine House and Exchange Square in Central, Hong Kong, alongside The Landmark retail precinct.