China Overseas Land & Investment Limited (OTCMKTS:CAOVY) Sees Significant Decrease in Short Interest

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,967 shares, a decrease of 79.9% from the May 31st total of 14,759 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 15,061 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised China Overseas Land & Investment to a “hold” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, China Overseas Land & Investment currently has an average rating of “Hold”.

China Overseas Land & Investment Stock Performance

Shares of CAOVY opened at $7.67 on Friday. The stock’s 50-day moving average price is $9.44 and its 200 day moving average price is $8.75. China Overseas Land & Investment has a 12-month low of $7.03 and a 12-month high of $11.40.

About China Overseas Land & Investment

China Overseas Land & Investment (OTCMKTS: CAOVY) is a Hong Kong–based real estate developer and property investor with origins dating back to 1979. The company is a core subsidiary of China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction and engineering conglomerates. Since its initial public offering on the Hong Kong Stock Exchange in the early 1990s, China Overseas Land & Investment has expanded its footprint to become one of the leading real estate groups in Greater China.

The company’s primary activities encompass residential and commercial property development, property investment, hotel operations and property management services.