Country Garden Holdings Company Limited (OTCMKTS:CTRYF) Sees Significant Decrease in Short Interest

Country Garden Holdings Company Limited (OTCMKTS:CTRYF) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 6,380,500 shares, a decline of 21.8% from the August 15th total of 8,160,700 shares. Based on an average daily trading volume, of 141,600 shares, the short-interest ratio is presently 45.1 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded shares of Country Garden from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th.

Country Garden Stock Up 4.1 %

Shares of Country Garden stock traded up $0.01 on Monday, reaching $0.14. The stock had a trading volume of 10,000 shares, compared to its average volume of 27,521. Country Garden has a 1 year low of $0.10 and a 1 year high of $0.43. The company has a 50 day moving average price of $0.15 and a 200 day moving average price of $0.21.

Country Garden Company Profile

Country Garden Holdings Company Limited, an investment holding company, invests, develops, and constructs real estate properties primarily in Mainland China. The company operates in two segments, Property Development and Construction. It develops residential projects, such as townhouses and condominiums; and car parks and retail shops.