Short Interest in Henderson Land Development Co. (OTCMKTS:HLDCY) Declines By 67.1%

Henderson Land Development Co. (OTCMKTS:HLDCY) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 99,676 shares, a decrease of 67.1% from the July 30th total of 303,035 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 170,367 shares, the short-interest ratio is currently 0.6 days.

Henderson Land Development Stock Down 1.8%

OTCMKTS:HLDCY traded down $0.07 during mid-day trading on Friday, hitting $3.72. 89,801 shares of the company’s stock traded hands, compared to its average volume of 104,904. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.33 and a current ratio of 3.33. The firm’s 50 day simple moving average is $3.46 and its 200 day simple moving average is $3.77. Henderson Land Development has a 1 year low of $3.08 and a 1 year high of $4.49.

Henderson Land Development Company Profile

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.