Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Sees Large Increase in Short Interest

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 3,128 shares, a growth of 1,368.5% from the January 15th total of 213 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 5,852 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 5,852 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Hang Lung Properties Stock Up 3.0%

Hang Lung Properties stock traded up $0.19 during trading on Tuesday, hitting $6.36. The company had a trading volume of 1,362 shares, compared to its average volume of 2,573. Hang Lung Properties has a 1-year low of $3.51 and a 1-year high of $6.36. The company’s 50 day simple moving average is $5.83 and its 200-day simple moving average is $5.60.

About Hang Lung Properties

Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.