Sino Land Co. (OTCMKTS:SNLAY) Short Interest Up 102.3% in May

Sino Land Co. (OTCMKTS:SNLAY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,129 shares, an increase of 102.3% from the April 30th total of 3,029 shares. Based on an average daily trading volume, of 2,724 shares, the short-interest ratio is currently 2.3 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Sino Land from a “strong sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Sino Land Stock Down 4.6%

SNLAY traded down $0.36 on Tuesday, reaching $7.49. The company had a trading volume of 1,300 shares, compared to its average volume of 2,874. Sino Land has a fifty-two week low of $4.86 and a fifty-two week high of $8.89. The company’s fifty day moving average is $7.93 and its 200 day moving average is $7.50.

About Sino Land

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.