Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Declines By 85.7%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 200 shares, a drop of 85.7% from the February 29th total of 1,400 shares. Based on an average trading volume of 10,000 shares, the short-interest ratio is presently 0.0 days.

Hongkong Land Trading Up 1.0 %

Hongkong Land stock traded up $0.15 during mid-day trading on Thursday, hitting $15.26. The company had a trading volume of 2,144 shares, compared to its average volume of 4,461. The company’s fifty day moving average is $15.98 and its 200-day moving average is $16.50. Hongkong Land has a 12-month low of $15.09 and a 12-month high of $22.72.

Hongkong Land Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, March 22nd will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This is a boost from Hongkong Land’s previous dividend of $0.26.

About Hongkong Land

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.