Sino Land Co. (OTCMKTS:SNLAY) Shares Shorted: Short Interest Up 1,609.2% in September

Sino Land Co. (OTCMKTS:SNLAY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 20,801 shares, a growth of 1,609.2% from the August 31st total of 1,217 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,787 shares, the days-to-cover ratio is presently 0.7 days.

Sino Land Stock Up 16.9%

OTCMKTS SNLAY traded up $1.01 during trading hours on Thursday, hitting $7.00. 3,884 shares of the company’s stock traded hands, compared to its average volume of 5,149. Sino Land has a 52-week low of $5.94 and a 52-week high of $8.89. The firm’s 50-day moving average is $6.78 and its 200-day moving average is $7.29.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sino Land to a “hold” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong-based property developer, investor and operator. Established in 1972, the company is part of Sino Group and focuses primarily on the development and management of residential, commercial, retail and mixed-use properties.

The company’s activities include property development, investment properties, property management and hospitality. Its portfolio includes residential communities, office buildings, shopping centers and integrated developments, as well as hotels and serviced residences operated through its hospitality businesses.

Sino Land’s operations are concentrated mainly in Hong Kong, where it has developed and manages properties across major urban districts.