Sinotruk (Hong Kong) Limited (OTCMKTS:SHKLY) Sees Large Growth in Short Interest

Sinotruk (Hong Kong) Limited (OTCMKTS:SHKLY) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 11 shares, an increase of 1,000.0% from the August 15th total of 1 shares. Based on an average trading volume of 7 shares, the short-interest ratio is currently 1.6 days.

Sinotruk (Hong Kong) Stock Performance

SHKLY traded down $43.43 during trading on Thursday, reaching $281.09. 1 shares of the stock traded hands, compared to its average volume of 142. The stock’s 50-day moving average is $210.62 and its 200 day moving average is $166.05. Sinotruk has a 12 month low of $244.36 and a 12 month high of $324.52.

Sinotruk (Hong Kong) Company Profile

Sinotruk (Hong Kong) Limited is the Hong Kong–listed arm of China National Heavy Duty Truck Group, one of the largest heavy‐duty truck manufacturers in China. The company’s core business encompasses the design, development, manufacture and sale of heavy‐duty trucks, specialty vehicles and related powertrain components. Its principal product lines operate under the HOWO brand, covering a wide range of tractor units, dump trucks, concrete mixers and special‐use vehicles tailored to construction, mining, logistics and municipal services.

Established as part of the national Sinotruk organization, the group traces its engineering roots to 1956, when it delivered China’s first domestically produced heavy truck.