Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Short Interest Up 214.1% in July

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,836 shares, a growth of 214.1% from the July 15th total of 903 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 54,663 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Hang Lung Properties to a “hold” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Hang Lung Properties has an average rating of “Hold”.

Hang Lung Properties Stock Down 3.3%

Shares of HLPPY traded down $0.15 on Thursday, hitting $4.54. 4,802 shares of the stock traded hands, compared to its average volume of 4,327. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.60 and a quick ratio of 0.60. Hang Lung Properties has a one year low of $4.26 and a one year high of $6.52. The business has a 50 day simple moving average of $4.70 and a 200 day simple moving average of $5.41.

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.