Short Interest in Shangri-La Asia Limited (OTCMKTS:SHALY) Drops By 25.0%

Shangri-La Asia Limited (OTCMKTS:SHALY) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 300 shares, a decline of 25.0% from the March 31st total of 400 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 0.8 days.

Shangri-La Asia Stock Performance

Shares of OTCMKTS:SHALY remained flat at $14.02 during midday trading on Friday. The stock’s 50-day simple moving average is $13.14 and its 200-day simple moving average is $12.95. Shangri-La Asia has a 52 week low of $12.36 and a 52 week high of $17.17. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.93.

Shangri-La Asia Company Profile

Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties. It operates through Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale segments. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.