Sino Land Co. (OTCMKTS:SNLAY) Sees Large Drop in Short Interest

Sino Land Co. (OTCMKTS:SNLAY) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 3,029 shares, a decrease of 74.4% from the April 15th total of 11,836 shares. Based on an average trading volume of 4,548 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Sino Land from a “strong sell” rating to a “buy” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Sino Land has an average rating of “Buy”.

Sino Land Price Performance

OTCMKTS SNLAY traded up $0.01 during trading hours on Wednesday, reaching $8.24. The stock had a trading volume of 1,298 shares, compared to its average volume of 2,836. The stock has a fifty day moving average of $7.83 and a 200 day moving average of $7.36. Sino Land has a 52-week low of $4.70 and a 52-week high of $8.89.

About Sino Land

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.