Hysan Development Company Limited (OTCMKTS:HYSNY) Sees Significant Growth in Short Interest

Hysan Development Company Limited (OTCMKTS:HYSNY) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 8,200 shares, an increase of 100.0% from the March 31st total of 4,100 shares. Based on an average daily volume of 34,300 shares, the days-to-cover ratio is currently 0.2 days.

Hysan Development Stock Performance

OTCMKTS:HYSNY traded up $0.08 during midday trading on Friday, reaching $3.16. The stock had a trading volume of 4,857 shares, compared to its average volume of 14,066. Hysan Development has a 12-month low of $2.90 and a 12-month high of $6.02. The firm has a fifty day simple moving average of $3.23 and a two-hundred day simple moving average of $3.56.

Hysan Development Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 7th were issued a $0.1971 dividend. The ex-dividend date was Wednesday, March 6th. This is a positive change from Hysan Development’s previous dividend of $0.06. Hysan Development’s payout ratio is currently 3.58%.

Hysan Development Company Profile

Hysan Development Co, Ltd. is a leading property investment, management and development company. Its core asset portfolio, Lee Gardens in Hong Kong, has approximately 4.5 million square feet of high-quality office, retail and residential floor area. Hysan has been rooted in Hong Kong for nearly a hundred years, operating with heart, focusing on community building, integration of old and new, technology application, and sustainable development.