Short Interest in Sino Land Co. (OTCMKTS:SNLAY) Decreases By 94.9%

Sino Land Co. (OTCMKTS:SNLAY) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 315 shares, a decrease of 94.9% from the May 14th total of 6,129 shares. Based on an average daily volume of 9,469 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Sino Land Stock Down 7.0%

Shares of OTCMKTS:SNLAY traded down $0.55 during mid-day trading on Thursday, hitting $7.27. The stock had a trading volume of 21,299 shares, compared to its average volume of 3,143. Sino Land has a 12-month low of $4.86 and a 12-month high of $8.89. The company’s 50 day moving average is $7.97 and its 200-day moving average is $7.54.

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 report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Sino Land presently has a consensus rating of “Buy”.

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.