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

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 14,759 shares, a growth of 59.3% from the May 14th total of 9,267 shares. Based on an average daily trading volume, of 8,085 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

China Overseas Land & Investment Price Performance

China Overseas Land & Investment stock traded up $0.33 during mid-day trading on Tuesday, reaching $10.40. 488 shares of the company’s stock traded hands, compared to its average volume of 5,142. The stock has a 50 day moving average of $9.24 and a two-hundred day moving average of $8.74. 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.