Sinotruk (Hong Kong) Limited (OTCMKTS:SHKLY) Sees Large Drop in Short Interest

Sinotruk (Hong Kong) Limited (OTCMKTS:SHKLY) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1 shares, a drop of 96.8% from the July 30th total of 31 shares. Based on an average trading volume of 225 shares, the days-to-cover ratio is presently 0.0 days.

Sinotruk (Hong Kong) Trading Down 2.3%

Shares of OTCMKTS:SHKLY traded down $5.66 on Tuesday, hitting $244.36. The company’s stock had a trading volume of 3 shares, compared to its average volume of 200. Sinotruk has a 12 month low of $244.36 and a 12 month high of $278.96. The stock’s 50-day moving average is $174.33 and its two-hundred day moving average is $153.27.

Sinotruk (Hong Kong) Company Profile

Sinotruk (Hong Kong) Limited is the Hong Kong–listed arm of China National Heavy Duty Truck Group, one of the largest heavy‐duty truck manufacturers in China. The company’s core business encompasses the design, development, manufacture and sale of heavy‐duty trucks, specialty vehicles and related powertrain components. Its principal product lines operate under the HOWO brand, covering a wide range of tractor units, dump trucks, concrete mixers and special‐use vehicles tailored to construction, mining, logistics and municipal services.

Established as part of the national Sinotruk organization, the group traces its engineering roots to 1956, when it delivered China’s first domestically produced heavy truck.